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UniSat Marketplace Halted Due to Double-Spend Attacks

UniSat temporarily closes its Inscriptions Marketplace following double-spend attacks, with plans for user compensation and platform improvements.
Published on 2023-04-24

UniSat Marketplace Closure

UniSat has temporarily shut down its Inscriptions Marketplace after experiencing a series of double-spend attacks. This decision was made following concerns raised by the UniSat community regarding the marketplace's transaction authenticity. The vulnerability in the platform's underlying code impacted dozens of transactions, prompting immediate action from the firm.

Investigation and Compensation

The company is actively investigating the incidents and has committed to compensating all affected users. Out of 383 transactions, 70 were compromised due to the attacks. Users seeking reimbursement are required to create a support ticket on UniSat's Discord server and provide transaction evidence.

Platform Security and Future Plans

Despite recent rigorous testing and enhancements aimed at preventing such attacks, the marketplace was still targeted. UniSat had previously simulated various double-spend scenarios and improved its code to bolster security. The marketplace will remain closed until these vulnerabilities are thoroughly addressed.

Current Challenges and User Support

UniSat, being the first provider of the brc-20 wallet and marketplace, is navigating numerous challenges with this emerging technology. The firm is committed to resolving identified issues and advancing with community support. While UniSat continues its investigation, users are encouraged to stay informed through official channels for updates on service resumption and compensation processes.

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