Bitcoin Core, the main software used by most full Bitcoin nodes, recently released versions 30.0 and 30.1 and it came with a warning that peaked people’s interests on Tuesday. In the absolute worse case scenario, investors actually could lose their funds.
These releases included a change to the wallet migration process — the code that helps users upgrade old wallet formats into the latest versions. It contained a wallet migration bug that could delete local wallet files and permanently lock users out of their funds if there are no backups. In a worse case, that means their Bitcoin (CRYPTO: BTC) gone.
The wallet migration bug discovered in Bitcoin Core this week is a classical case of a hard-to-catch software error. It’s insignificant for Bitcoin as a whole because it’s not a consensus bug and not a network vulnerability. Bitcoin is alive and well, and still seen approaching $100,000 again this winter.
Developers have pulled the affected versions for now until a fixed version is released. …