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 language | English |
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Title of host publication | 2018 IEEE Globecom Workshops (GC Wkshps) |
Number of pages | 7 |
ISBN (Electronic) | 978-1-5386-4920-6 |
DOIs | |
Publication status | Published - 21 Feb 2019 |
Event | 2018 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 2018 → 13 Dec 2018 |
Conference
Conference | 2018 IEEE Global Communications Conference, GLOBECOM 2018 |
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Abbreviated title | GLOBECOM |
Country/Territory | United Arab Emirates |
City | Abu Dhabi |
Period | 9/12/18 → 13/12/18 |
Keywords
- IOTA
- Blockchain
- cryptocurrency
- security exploitation
- replay attack