Monero’s Lost XMR Funds From Ledger’s Change Output Bug Have Been Safely Recovered
The Monero (XMR) moderator in Reddit, dEBRUYNE_1, released a post in which he informed that they were able to solve one of the issues that affected some Ledger Monero users. As he explains in this bug, a handful of transactions were erroneously constructed and the wallet couldn’t spot the change. Users believed that their funds were lost, however, they weren’t.
Monero And Ledger Solve Bug
The bug was discovered back in March 2019 by the Ledger team on Reddit. Kraken, one of the largest and most popular exchanges in the market, has also released a statement in which they informed that they were going to suspend their funding services until the issue was solved.
Udi Wertheimer, a recognized coder in the community, said that the bug could eventually be harmful to the community if users started spending the money stored in their Ledger wallets. Nonetheless, the post-mortem report showed that the transactions were not properly constructed and the wallet couldn’t spot them. This is why users believed that their funds were lost.
We have, in collaboration with the Ledger team, successfully managed to recover the 'lost' funds of the users affected by the Ledger change output bug!
A post with more details can be found here: https://t.co/gPoUPoUWfT
— Monero || #xmr (@monero) April 8, 2019
The Ledger and the Monero teams worked together in order to solve this issue and “recover” the funds that the users “lost.”
On the matter, the blog post reads as follows:
“The bug was investigated by Ledger and described to both luigi1111 and stoffu. Fortunately, luigi1111 designed a concept that would allow one to retrieve the lost funds. Subsequently, stoffu created the required manual patch. Lastly, the Ledger team assisted the affected users with retrieving their funds.”
Ledger is one of the most popular companies developing hardware wallets for the cryptocurrency market. One of the most used devices is the Ledger Nano S that is very efficient and does a great job protecting users’ private keys.
Monero is a virtual currency that focuses on privacy and that allows users to protect their private data, including the funds that are being transacted and users’ wallets.
At the time of writing this article, Monero is the 13th largest digital currency in the market. Each XMR can be purchased for $70 and the digital currency has a market capitalization of $1.18 billion.