Vulnerability found in IOTA

The researches report on the vulnerability found in IOTA cryptocurrency
08 September 2017   2849

The researchers from MIT Media Lab Digital Currency Initiative (DCI) report on the vulnerability found in IOTA cryptographic hash function. IOTA team provides its customers with this information via their social media:

As reported, the IOTA developers themselves agree with the conclusions of DCI only partially. At the same time, the report says that the creators of the cryptocurrency have already released a corresponding patch, eliminating the identified shortcomings. 

Neha Narula, Director and Digital Currency Initiative at the MIT Media Lab, believes that thanks to the newly discovered vulnerability of IOTA, attackers could destroy or steal users' funds.

You might think that IOTA, a cryptocurrency worth over a billion dollars, and working with organizations like Microsoft, University College London, Innogy, and Bosch, BNY Mellon, Cisco, and Foxconn (through the Trusted IOT Alliance) would not have fairly obvious vulnerabilities, but unfortunately, that’s not the case. 

Neha Narula
Director and Digital Currency Initiative at the MIT Media Lab

The price of the digital currency is reducing due to the information about the vulnerability found.

IOTA on the chart IOTA on the chart

Thus, at the time of writing, IOTA cryptocurrency price is about $0.53.

Vinnik Extradtion to France to be Supported by SCoG

Alexander is holding the hunger strike for 24 days and lost around 9 kilos
19 December 2018   22

Following the trial court of the city of Thessaloniki, the Greek Areopagus decided to extradite Alexander Vinnik, suspected of laundering $ 4 billion through the BTC-e cryptocurrency exchange, to France. Thus, the appeal of Russian lawyers was rejected, reports TASS referring to the chairman of the court Angelique Aliferopoul.

After the announcement of the verdict, Alexander Vinnik declared that he would continue the hunger strike against the arbitrary rule of the Greek authorities, which began in mid-November.

I have been starving for 24 days. Yesterday I was weighed; according to the documents, I lost 8 kg. But they did not immediately begin to weigh me, only on the third day. So I lost 9 kg. If I'll be extradited to Moscow, I will stop starving.

Alexander Vinnik


Alexander Vinnik was detained in Greece at the request of the American authorities on July 25, 2017. In June 2018, Vinnik was arrested in absentia in Russia on charges of cyber fraud on a large scale.

At the moment, there have been several court decisions on the extradition of Vinnik - at the request of the United States, at the request of France and two decisions at the request of Russia. The final decision on the case will take the Minister of Justice of Greece.