Beam Privacy Coin Utilizing MimbleWimble Finds ‘Critical Vulnerability’ in its Wallet per Dev Team


A critical vulnerability was found in Beam Wallet. According to a recent tweet uploaded by Beam Privacy, the Beam developer team discovered a vulnerability in its wallet. Apparently, this affects all previously released Beam Wallets both in desktop and CLI.

The company says that the vulnerability does not affect wallet data, secret keys or passwords. In order for users to be protected, they must follow very carefully a few steps to solve this issue.

The first thing that users need to do is to stop running Beam Wallets immediately. After it, users will have to uninstall the Beam Wallet application and other executables. However, the database shouldn’t be deleted, neither any other data.

After all, users will have to download the Beam Wallet once again from the official website. It will have the same version numbers as previously published archives.

Beam is the privacy coin that is currently implementing the MimbleWimble protocol. The company will be releasing a proper update with more information and details about this issue. Beam was officially launched back on January 3 and it is the only coin implementing the privacy protocol known as MimbleWimble.

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