IOTA Announces Successful Patch of Bug Responsible for Trinity Wallet Hack | BTCMANAGER
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IOTA devs say they have successfully created a patch for the vulnerability responsible for the recent Trinity Wallet hack which reportedly resulted in the loss of $1.6 million. The altcoin token is still reeling from the effects of the hack and the network shutdown with the token price sliding 11 percent over the last 24 hours.
Trinity Wallet Bug Fixed
According to IOTA’s status page, the IOTA team has fixed the vulnerability with the Trinity Wallet — the official IOTA crypto wallet. An excerpt from the status update published on Sunday (February 16, 2020) reads:
“We have also remediated the vulnerability in Trinity. The upcoming Trinity update will not function as a final transition tool, as we are still working on bringing the network back to full operation. If you have Trinity installed on your computer, we highly recommend you upgrade to this version when released.”
As part of its update notice, IOTA also revealed that it was making progress the investigation into the hack as well as the required steps for the remediation process to compensate affected users. According to Sunday’s update, IOTA is developing a real-time fund tracker as part of an expanded toolset for the network.
As previously reported by BTCManager,