Bitcoin Ordinals application falls victim

The Bitcoin Ordinals application UniSat falls victim to massive double-spend attacks. The developers provide the latest technology that has not yet been extensively tested. Specifically, the attackers exploited a new type of token – the BRC-20 standard based on Bitcoin.

Bitcoin Ordinals application falls victim to massive double-spend attacks

In January, the Bitcoin Ordinals protocol is released and causes a stir in the crypto community. The UniSats application is based on the new possibilities. It is an extension for the Chrome browser.

Thanks to the non-custodial wallet, users can receive and send Bitcoin Ordinals, among other things. In addition, the UniSats developers are testing independent functions based on the ordinals. So one wants to provide fungible tokens via the Bitcoin blockchain based on the model of Ethereum . Your name: BRC-20 tokens.

A few hours ago, UniSats published its own marketplace for these Bitcoin tokens. Shortly after launch, however, it becomes the target of numerous double-spend attacks. Shortly after the release, the so-called UniSat Marketplace will be taken offline again, as the developers announced on Twitter .

A look at the UniSat Marketplace .

⚠️ Due to some existing issues, the UniSat marketplace is temporarily unavailable. UniSat Marketplace experienced a large number of double-spend attacks due to a vulnerability in our program code.

It says there. Although similar attacks were simulated in advance, certain errors were not discovered. These were exploited in large numbers in a very short time. Just how enormous the scale is becomes apparent when you look at the numbers.

BRC-20 marketplace temporarily fails

The developers identified a total of 70 of 383 transactions as affected. Over the next few days you have to take a closer look at the individual cases. Injured users will be compensated.

Users who have suffered damage from the attacks should contact the responsible developers via the associated Discord server and provide as much information as possible.

Please understand that BRC-20 is still very young and numerous issues have been identified and fixed in the last 30 days. As the first provider of BRC-20 wallets and as the first marketplace provider, UniSat is constantly facing numerous problems and thanks to your full support, it keeps going.

Summing up the current situation on Twitter. In fact, the comments on the bad news only support the developers’ plans.