Nasdaq Powered DX.Exchange Patches and Shuts Down Security Vulnerability

Nasdaq Powered DX.Exchange Patches and Shuts Down Security Vulnerability 1

Just yesterday, January 10th, news reached the crypto-verse that the newly launched DX.Exchange– that is powered by Nasdaq technology – had serious security vulnerabilities that could be exploited by malicious users and/or hackers. The security bugs were discovered by an online trader who requested that his identity be kept secret. The anonymous trader managed to collect over 100 JSON Web Tokens that could have resulted in the access of their corresponding user accounts.

The trader went on to explain the following to Ars Technica:

I have about 100 collected tokens over 30 minutes. If you wanted to criminalize this, it would be super easy.

I got tokens from the exchange itself. You can see from the account’s email address it’s @coins.exchange. I have pretty good confidence I could do this for a day and get an administrative token and have everything

DX.Exchange Patches and Shuts Down the Security Vulnerability

On the same day, the team at DX.Exchange issued a twitter announcement stating that they had fixed the security issue. The full tweet can be found below.

ADVERTISEMENT

Daniel Skowronski, CEO of DX. Exchange, also thanked everyone who had a hand in identifying the security vulnerability.

We would like to thank the vigilant reporter, and our supportive community, who together, brought this issue to our attention. We are happy to report that the vulnerability has been successfully patched, and no user funds were compromised.

Our launch was met with a stellar response from our community eager to trade cryptocurrencies and digital stocks. Customer funds were always safe,  our multi layer advanced monitoring and defense mechanism was able to avoid any further issue.

What are your thoughts on the Nasdaq powere DX.Exchange having security vulnerabilities in the first week of operations? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin23,977 0.63 % 0.64 % 0.64 %
Ethereum1,889.6 0.51 % 0.57 % 6.42 %
Tether1.002 0.25 % 0.04 % 0.05 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB315.97 0.62 % 0.80 % 2.76 %
Cardano0.5673 1.29 % 1.07 % 5.56 %
XRP0.3766 0.66 % 1.04 % 0.75 %
Binance USD1.004 0.22 % 0.29 % 0.16 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.08568 0.81 % 9.97 % 22.03 %

bitcoin
Bitcoin (BTC) $ 23,867.00
ethereum
Ethereum (ETH) $ 1,878.32
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 314.57
cardano
Cardano (ADA) $ 0.563325
xrp
XRP (XRP) $ 0.374781
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 43.18
dogecoin
Dogecoin (DOGE) $ 0.085251