Electroneum (ETN) Price Spikes after Burning Bug Patch-Up

Electroneum (ETN) saw a robust price increase after the project patched up the “burning bug” inherited from Monero (XMR). It allows a malicious actor to fund an exchange balance multiple times, so the platform ends up owning invalid coins marked for attempted double spending. In the meantime, the exchange balance could be traded for other assets, leaving the operator to shoulder the losses. So far, there has been no report of someone managing to exploit the bug for Electroneum or Monero. https://twitter.com/electroneum/status/1045057414167515136 As exchanges opened wallets and trading renewed, the ETN price moved up from its traditionally low levels, rising in the past 24 hours from $0.013 to above $0.017. In the past week, ETN prices nearly tripled from recent lows of $0.007 as the coin was sent reeling by lack of support. Electroneum was seen as one of the more promising projects, but technical difficulties, a mining freeze, and…

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