Litecoin MWEB protocol suffers zero-day exploit, loses approximately 7.8 Bitcoin

Techub News reports, according to U.Today, that Litecoin developers recently disclosed a Zero-Day vulnerability report on the MWEB privacy protocol. In April this year, hackers exploited a data validation flaw in the protocol to perform a "peg-out" operation, minting 85,034 LTC out of thin air, causing the network to split and roll back 13 blocks.

The attack also affected cross-chain protocols, with NEAR Intents losing 7.78 Bitcoin and THORChain losing approximately 0.007 Bitcoin. The Litecoin core team has released version 0.21.5.4 to fix the vulnerability. In the initial attack, founder Charlie Lee paid 850 LTC to reach a settlement with the hacker.