From the Bitcoin CVE-2018-17144 incident in August that happened to Firo, we have made good progress in recovering a substantial amount (6 figures FIRO) from the amount sent to exchanges. As it isn’t 100% final but may happen soonish, I wanted to ensure the community has a chance to weigh in.
In short, a bug from the CVE allowed a rogue miner to create additional coins on 14 August 2020 and while mostly mitigated, some still hit the exchanges before we could lock it. This was fully disclosed and made public on our blog immediately when discovered and the market has already absorbed and priced this in.
In the disclosure we also mentioned that we were requesting for the additional coins to be burnt from the supply. The exchange returning to us the funds has mentioned that they do not care if we burn it or not but we did inform them we intended to burn it.
Total forged amount: 384,400.82
Forged amount identified as being sent to Exchanges: 161,664.24
Other unaccounted: 49,466.72
Total locked in code: 173,269.86
Figures are rounded up to 2 decimal points.
- Destroy it, they shouldn’t have existed
- Dedicate it to the general dev fund
- Dedicate it to a community fund to be used for CCS proposals
- Use it as inventory to provide liquidity on exchanges
Please vote wisely!