RATE Group | An Incredibly Simple Hack Had the Potential to Manipulate Cryptocurrency Markets
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An Incredibly Simple Hack Had the Potential to Manipulate Cryptocurrency Markets

24 Jul An Incredibly Simple Hack Had the Potential to Manipulate Cryptocurrency Markets

Posted at 19:17h in Cryptocurrency News by

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An online panic ensued Monday morning when visitors to a popular blockchain explorer site for Ethereum were confronted with the cryptic pop-up displaying “l337,” or “elite” in old-school hacker speak, indicating that the site was compromised.

Blockchain explorers are web portals that anyone can use to view public cryptocurrency transactions—essentially, financial reporting sites for cryptocurrencies. Etherscan.io is an extremely popular explorer for Ethereum’s blockchain (ranked the 1,379th most popular site in the world according to Alexa), and when the message—basically international code for “you’ve been hacked”—popped up on the site, worried users took to Twitter warning others to stay away from the site.

Etherscan.io doesn’t offer digital wallet services—although it does allow users to broadcast raw transactions to the Ethereum network—so it seems as though everyone’s virtual coin stashes will remain untouched. Even so, according to information…

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