Tokenized Nasdaq Stock Platform Dx.Exchange Quickly Fixes Security Vulnerability

On Thursday (January 10th) evening, DX.Exchange, the revolutionary European cryptocurrency exchange that allows trading tokenized Nasdaq stocks and cryptocurrencies on the same platform, announced that the security vulnerability that had been reported by crypto media earlier in the day had been successfully fixed and that no user funds had been affected.

DX.Exchange, which was launched on Monday, offers support for trading of 10 cryptocurrencies and 10 “digital stocks” (implemented as ERC-20 tokens on the Ethereum blockchain). 

The 10 cryptocurrencies are Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), OmiseGo (OMG), Dash (DASH), DX Coin (DXCASH), Enigma (ENG), and DigiByte (DGB). For XRP, the following trading pairs are available: XRP/BTC; XRP/ETH; XRP/USD; XRP/EUR; and XRP/JPY.

The 10 Nasdaq stocks you can buy with fiat (USD) are Facebook (FB), Intel (INTC), Amazon (AMZN), Baidu (BIDU), Apple (AAPL), NVIDISA (NVDA), Netflix (NFLX), Microsft (MSFT), Tesla (TSLA), and Google (GOOGL).

On Wednesday, technology news site Ars Technica reported on a security vulnerability; this report was covered by various crypto news sites this morning. 

The good news is that a couple of hours ago DX.Exchange announced via a post on its blog that their developers had managed to quickly identify the source of the problem and fix it:

“DX.Exchange reports that it has successfully patched and shut down a security vulnerability, resulting from an authentication token error. The exchange responded immediately, by introducing a security patch, preventing any threat to users and their funds.

The security issue was reported to DX.Exchange directly by a journalist via a non official support channel. DX. Exchange were able to respond in time and fix the bug before any actual damage occurred.”

Another piece of good news is that “developers are now able to report bugs and in return, receive discretionary compensation through the DX. Exchange Bug Bounty program agreement, found within the exchange interface.”

Daniel Skowronski, the CEO of DX. Exchange, had this to say:

“We would like to thank the vigilant reporter, and our supportive community, who together, brought this issue to our attention. We are happy to report that the vulnerability has been successfully patched, and no user funds were compromised. Our launch was met with a stellar response from our community eager to trade cryptocurrencies and digital stocks. Customer funds were always safe,  our multi layer advanced monitoring and defense mechanism was able to avoid any further issue.”

Featured Image Courtesy of DX.Exchange