Vendor Using BitPay Becomes Victim of Five Bitcoin Double-spend Attacks

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One sold online Bitcoin emporium was a plant of several double-spend attacks while regulating BitPay as a remuneration processor. While BitPay lets merchants accept payments as “completed’ during zero- network confirmations, it is still; probable to double-spend funds. This highlights a need for remuneration processor ‘insurance’ all exchange will be celebrated when traffic with zero-confirmation payments.

A Bitcoin Double-spend For US$20

According to the Reddit post, this online emporium sells in-game items, especially for CS: GO. Throughout a years, this diversion has turn increasingly popular. Gamers are always looking for a newest skins to uncover off. Some of these equipment can go for several hundred dollars on a market.

Due to a association between Bitcoin and gaming purchases, a online emporium sealed adult for BitPay as a cryptocurrency remuneration processors. This means a emporium will always accept a funds, and payments are deemed finish once they are manifest on a blockchain. In many cases, this would not be a reason for concern, as many exchange go by but a hitch.

But things started going erroneous not too prolonged ago, as several double-spend transactions were recorded. While this will not means financial waste to a store, it is an intriguing

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