BCH May Have Sustained $1.3 Million+ Double Spend: BitMex Research

[Goodcat49]

Following its hard fork on May 15, bitcoin cash (BCH) appears to have experienced a two-block chain reorganization resulting in a 3,392 BCH (about $1.35 million at press time) double spend. The claim was made in a report released by the research arm of cryptocurrency derivatives exchange BitMex on May 24.

Per the report, the recent BCH hard fork experienced three interrelated issues. Firstly, an apparent bug evidently exploited by an attacker right after the hard fork. The attacker was able to “broadcast transactions which met the mempool validity conditions but failed the consensus checks.” Miners attempting to produce blocks with said transactions were not able to, instead producing empty blocks.

The empty blocks reportedly resulted in concern among miners who “may have tried to mine on the original non-hardfork chain, causing a consensus chainsplit.”

The third interrelated problem was that the consensus chainsplit reportedly prevented a system meant to recover funds accidentally sent to SegWit addresses from functioning. According to BitMex Research, “[t]his failure may have resulted in a deliberate and coordinated 2 block chain re-organisation.”

The report claims:

“Based on our calculations, around 3,392 BCH may have been successfully double spent in an orchestrated transaction reversal. However, the only victim with respect to these double spent coins could have been the original ‘thief.’”

https://cointelegraph.com/news/bch-may-have-sustained-13-million-double-spend-bitmex-research

[damsix]

3,392 BCH has been spent on research and development?
Very much value and that is very reasonable for Bitcoin Cash development but why at the end of the article if this Bitcoin Cash is the result of theft, what do you mean by this article?

[IyemRoker]

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Hacking in the cryptocurency is certainly there and cannot be avoided because on the basis of the digital world it is full of hacking.
BitcoinCash is also full of hacking and maybe the article above tells something like that.

[kent47400]

Wow , (BCH Have Sutained 1,3M USD) News or FUD from BitcoinCash but only BitcoinCash always raises its price and always is on a straight path with Bitcoin.
Everyone knows the speed of BitcoinCash transactions is very fast, but Bitcoin is still number 1 in Coinmarketcap.

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