Dash (DASH) Warns Users Against Storing Coins on Mydashwallet.org

A vulnerability has been discovered in the online wallet, and DASH warns users should immediately stop using the service.

Users should stop sending funds to Mydashwallet.org to store Dash (DASH), as a private key vulnerability has been discovered.

https://twitter.com/Dashpay/status/1149552764923465735

The vulnerability involves externally loaded JavaScript, which sends private keys to a remote server, a Reddit thread explains. This is the most usual type of attack against crypto-based services used on a connected computer. Browser-based wallets can also be used online, but in this case, all users are warned to stay away from this storage solution.

DASH has an additional online wallet, Magnum Wallet, which has not reported a vulnerability. The coin is available both on Trezor and Ledger, and accessible through a multitude of third-party wallets, including Exodus, Jaxx, Coinomi, Abra, and others.

The vulnerability may affect multiple users, as DASH is still one of the best-used assets for crypto-based payments.

In general, a vulnerability could be injected into any wallet, but online storage solutions are the most open to attacks. Core wallets or cold storage wallets are the best solutions for secure storage.

DASH has become more popular in the past weeks, as its price managed to survive well in some of the sell-offs. DASH traded at $145.96 as of 7:10 UTC on Friday, having recovered gradually from the lows around $73 in the fall of 2018.

Still, DASH is down 90% in dollar terms from its peak above $1,500 at the end of 2017, and has slid to 0.01 BTC from peak levels of 0.1 BTC.

While the DASH team claims there is robust usage of its payment system, the network only carries around 11,000 transactions per day, lower even than Dogecoin (DOGE) with 27,000 transactions per day. The DASH project is also struggling to increase its security through verification masternodes.

Reading now