XMR Community to Hold Breath While Hard Fork's Ongoing

A hard fork of Monero executed recently, but the success of the implementation is still unclear
06 April 2018   1878

The controversial hard fork of Monero's anonymous crypto currency was initiated this night, but its results are still unclear. This is reported by CoinDesk.

On the block number 1 546 000, a crypto currency software update was launched. Taking into account the ambiguity of this update, the community continues to monitor its dissemination process.

Although hard forks are not uncommon for the Monero blockchain, the last one stands out against the general background, as it is designed to introduce a new consensus algorithm that will protect the network from the ASIC-miners usage.

The decision to conduct hard fork was made in the light of the announcement by the Bitmain ob the release of the device aimed at Monero, which was made last month. After that, several groups of users announced that they don't support the new development vector of Monero and launch their own projects that will use the old code, including Monero Classic and Monero Original.

Consequently, the community continues to monitor the hash rate and the rate of release of blocks in the main Monero network to determine what percentage of miners could go to third-party blockchains.

Fluctuations in the hash-rate caused a panic on Reddit, but the developer "hyc" said that "a couple hours for us to see how the network overall hash rate settles out."

Observers also track activity in the old Monero blockchain and maintain a list of pools that have not yet updated their software to join the new chain.

The update also increased the size of the Monero ring from 5 to 7, which should help to increase the reliability of anonymous cryptocurrency tools and protect it from deanonimization, which in theory may occur with the launch of the MoneroV hardfork.

Scammers to Replace MEGA Extension to Steal Crypto

MEGA is a popular file exchange service; scammers were able to replace its official Google Chrom extension
05 September 2018   451

The popular file-sharing service MEGA reported a hacker attack. Attackers managed to replace the official Chromme extension of the service and to collect data on users' crypto-currency wallets.

On 4 September 2018 at 14:30 UTC, an unknown attacker uploaded a trojaned version of MEGA's Chrome extension, version 3.39.4, to the Google Chrome webstore. Upon installation or autoupdate, it would ask for elevated permissions (Read and change all your data on the websites you visit) that MEGA's real extension does not require and would (if permissions were granted) exfiltrate credentials for sites including amazon.com, live.com, github.com, google.com (for webstore login), myetherwallet.com, mymonero.com, idex.market and HTTP POST requests to other sites, to a server located in Ukraine. Note that mega.nz credentials were not being exfiltrated.

MEGA Blog

Thus, attackers could get access to the popular cryptocurrency wallets MyEtherWallet and MyMonero. Also, users' funds on the decentralized IDEX exchange are under the thread too.

Representatives of the file sharing company stressed that the fake extension was replaced by a genuine one four hours after the substitution. And an hour later, Google reacted and removed the extension from the Chrome store. Note that at the time of publication, the MEGA extension for Chrome in the official store is still not available.

Earlier it was reported that users of MyEtherWallet, using the free VPN-plugin Hola, could become victims of a hacker attack.