Decentralized Bisq Exchange Stops Trading Due to Critical Vulnerability

Non-custodial cryptocurrency exchange Bisq has stopped trading today due to the discovery of a critical vulnerabilityin the security system.

Losses are tentatively estimated at $ 250,000, but this figure may not be final. Developers ask users not to make any operations with assets until the situation is clarified.

“The platform developers are studying the problem. An alarm key was used to temporarily suspend trading,” — the company wrote on Twitter.

The exchange also asked users who haveat the time of disconnection, there were active orders, do not conduct transactions until the situation is clarified. Initially, it was reported that trading will be available after a few hours, but more than 14 hours have passed and the platform is still unavailable.

“Your assets are completely safe, they are not in danger. Existing trades will not be completed until v1.3.0 is released." — company representatives assure.

The developers focused on the factthat due to the decentralized nature of the exchange, users are able to rewrite the activation of the alarm key and in this way resume trading on the platform, however, this is extremely undesirable.

If you go to the platform through your ownclient, in the interface you can find the following message: "An attacker used a security vulnerability." Moreover, in other Bisq channels this information is not shown.

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