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XRP Ledger activates fixCleanup3_4_0 to close token minting loophole

NewsFeeds update

The XRP Ledger activated a fix called fixCleanup3_4_0 at 14:52 UTC on 4 Nov, closing a flaw that let accounts authorised only to burn an issuer's tokens create new ones under certain conditions. The flaw affected issued assets on XRPL, including stablecoins, but not XRP itself, and no confirmed exploitation cases are public.

AltcoinsPANewsAIBullish

Read the original on PANews

The story so far: XRP Ledger payment flaw

Researchers reported a decade-old XRP Ledger payment flaw that could have minted XRP beyond the 100bn cap; RippleX said there was no evidence of exploitation and released a fix. A related flaw let accounts with only token-burning authority mint new tokens, and fixCleanup3_4_0 activated on 4 Nov to close it, affecting…

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  1. XRP Ledger fixes decade-old flaw that could have minted XRP

  2. RippleX says XRPL flaw could have allowed excess XRP creation

  3. XRP Ledger Foundation says security fix did not mint new XRP

  4. ZachXBT says XRPL paid white-hat hacker only $250,000

  5. XRPL lending bug fix due around 23 Oct, pending validator support

  6. XRP Ledger fix delayed to November after validator support fell short

  7. XRPL fixCleanup3_4_0 amendment activation window moves to 4 November after vote reset

  8. XRP Ledger developers propose four fixes to tighten restricted token rules

  9. XRPL to fix security flaw that could let stablecoin partners mint tokens unauthorised

  10. XRP Ledger fix separating burn and mint powers may activate on 4 Nov

  11. XRP Ledger activates fixCleanup3_4_0 to close token minting loophole

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.