XRP Ledger closes bug that let approved token burners create new tokens
Source: CoinDesk ·
From the source
The fix went live Wednesday after validator support reset the activation clock in October. XRP itself was unaffected. The XRP Ledger has activated a software fix that closes a loophole through which an account authorized to destroy an issuer's tokens could also create new ones under certain conditions. The update, called fixCleanup3_4_0 , went live Wednesday at 14:52 UTC , at ledger 108,112,129, according to XRP Ledger explorer XRPLWin. It followed two uninterrupted weeks of validator support after an earlier attempt was interrupted in October. The flaw affected the network's permission delegation system, which allows an account to authorize another account to perform specific actions without handing over complete control. A stablecoin issuer, for example, might allow a payment processor to destroy tokens when customers redeem them for dollars, without giving that processor permission to create new tokens. Under certain conditions, the earlier rules could allow an account holding…
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