How to break IOTA heart by replaying?

Gerard de Roode, Ikram Ullah, Paul J.M. Havinga

    Research output: Contribution to conferencePaper

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    Abstract

    IOTA is a novel cryptocurrency that uses distributed ledger technology based on directed acyclic graph data structure. Security of cryptocurrencies ought to be scrutinized in order to acquire esteemed security, attain trust, and accomplish indelible adoption. Although IOTA proffer resilient security controls, IOTA security is not yet well explored. Among all the propounded IOTA vulnerabilities that have been identified, we pragmatically exploit replay attack against IOTA. We further analyze the attack to perceive its impact. Attack methodology and proof of concept for the replay attack is presented. Our proposed exploitation methodology is based upon address reuse, while IOTA in default mode does not reuse addresses. Distrust, and privation of balance can be some of the severe impacts of this vulnerability.
    Original languageEnglish
    Number of pages7
    Publication statusPublished - Dec 2018
    Event2018 IEEE Global Communications Conference, GLOBECOM 2018: Gateway to a Connected World - Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi, United Arab Emirates
    Duration: 9 Dec 201813 Dec 2018

    Conference

    Conference2018 IEEE Global Communications Conference, GLOBECOM 2018
    Abbreviated titleGLOBECOM
    CountryUnited Arab Emirates
    CityAbu Dhabi
    Period9/12/1813/12/18

    Keywords

    • IOTA
    • Blockchain
    • cryptocurrency
    • security exploitation
    • replay attack

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  • Cite this

    de Roode, G., Ullah, I., & Havinga, P. J. M. (2018). How to break IOTA heart by replaying?. Paper presented at 2018 IEEE Global Communications Conference, GLOBECOM 2018, Abu Dhabi, United Arab Emirates.