Tesla Patched A Bug On BTCPay Server’s Payment Processor

Tesla patched a bug on the payment processor BTCPay’s server a month after it invested in $1.5 billion into Bitcoin as we can see more in our latest Bitcoin news today.

The electric vehicle manufacturer Tesla patched a bug on the BTCPay Server, the open-source payment processor and wallet, and also helped to identify the bug in the first place. Tesla noticed the big and informed the processor by ensuring responsible disclosure:

 “We want to thank @teslamotors for filing a responsible disclosure, helping us with remediation, and handling the situation professionally.”

🚨Today we're releasing a new security release of BTCPay Server v1.0.7.1. https://t.co/WnsUq6lxCC

This release patches one critical and several low-impact vulnerabilities that affect v1.0.7.0 and older.

— BTCPay Server (@BtcpayServer) March 30, 2021

Tesla was not the only party that informed the server of the bug. Qaiser Abbas which is an independent security researcher received many thanks for responsible vulnerability disclosure. Tesla plunged its resources into BTC over the past few months and the company rocked the crypto when it announced an investment worth $1.5 billion into BTC. This month, Tesla started accepting BTC as payment for its goods and services in the US with more plans to roll out to other countries this year. the company also plans to hold any BTC that it will receive rather than converting it into fiat currency.

Tesla’s CEO Elon Musk became an outspoken supporter and advocate for cryptocurrency, suggesting that the investors will have a better position if they hold BTC instead of cash. Musk’s words already had an impact and according to the study by the Blockchain lab when Musk changed his Twitter bio in 2021 to “bitcoin” he caused the price of the asset to surge almost 20%.

As reported on Tesla recently, Elon Musk announced on Twitter that Tesla starts accepting bitcoin payments for its range of cars. A BTC payment button appeared on the Tesla website as of today and Musk even added that the paid BTC will be retained in its original form and not converted to fiat currency but instead it will be added to the crypto reserves that the carmaker already holds.

Earlier this year, Tesla purchased $1.5 billion in BTC and the company said in its SEC filing that it aims to accept payments in Bitcoin for its cars in the near future. That statement was made six weeks ago so it seems that the company delivered on its promise. Musk said that the company is using only internal and open source software by operating BTC nodes directly.