The developers at Ledger have posted a warning on Monero’s (XMR) subreddit today, advising users not to use the Nano S Monero app which was designed for buying the altcoin. As the digital currency news show, a bug was reportedly discovered when a user named MoneroDontCheeseMe posted on Reddit a claim that he/she believes to have lost “nearly 1680 Monero (which is around $80k) due to a bug.”
The user also stated that after transferring about 0.000001 XMR from the Ledger to a view-only wallet, he sent another 10, 200 and then 141.9 XMR. However, before sending the last transaction, the user had about 1,690 XMR in the wallet and 141.95 in an unlocked balance, which is why he or she decided to send the 141.9 XMR. Still, even after this transaction her/his wallet shows a balance of 0 XMR.
This led many to believe that his XMR holdings were stolen. According to Nicolas Bacca who is the CTO at Ledger, the most likely scenario (given how much the app has been tested) is a synchronisation issue. Still, a warning issued later confirmed that this was not the case.
Two hours later, the team of Ledger developers published the aforementioned warning on the Monero subreddit, followed by the official Monero Twitter account that retweeted a message containing a link to the warning submitted from LEdger’s original Twitter account.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post