- UniSat has shut down its marketplace after experiencing several double-spend attacks.
- A vulnerability in the marketplace’s underlying code affected dozens of transactions.
- The firm is currently conducting an investigation and will compensate all affected users in the coming days.
UniSat Wallet, the open-source browser extension for Bitcoin ordinals, has temporarily shut down its recently launched Inscriptions Marketplace following a large number of double-spend attacks on the platform. The issues were discovered earlier today after the UniSat community raised concerns about the authenticity of the marketplace’s offerings.
UniSat took to Twitter earlier today to share the developments of its Inscriptions Marketplace. According to the firm, a vulnerability in the marketplace’s underlying code led to the double-spend attacks on the platform. After a preliminary investigation, it was found that out of the total 383 transactions, 70 were affected by the attacks.
According to UniSat, the attacks came in spite of thorough testing of the platform last week. The firm reportedly simulated different approaches to double-spend attacks and made improvements and enhancements to the code in order to improve security. UniSat will continue to investigate over the next few days. The marketplace’s services will remain closed until further notice.
“Please understand that brc-20 is still very young and there have been numerous issues identified and resolved in the past 30 days. As the first brc-20 wallet provider and the first marketplace provider, UniSat is constantly facing numerous issues and moving forward with your full support,” UniSat Wallet tweeted.
The firm has assured that all affected users will be compensated for their losses in the coming days. UniSat will conduct a comprehensive inspection and consolidation of the platform’s issues and determine all users associated with the incident. Users seeking reimbursement will have to create a support ticket on UniSat’s Discord server and share proof including screenshots of transactions.
Post Views: 4
Source: https://coinedition.com/unisat-halts-marketplace-following-double-spend-attacks/