This weekend, what happened with #Atom?
Something crazy is going on; the marketplace has been completely wiped out.😱
2023/12/02 04:41:17-2023/12/03 09:12:57 (GMT+0)
59,246 Atom
Any insider info? I'm all ears.👂
#Atomicals#SatsX
⚠️ WARNING: @atomicalsmarket and @BRC20Coins are lying by blaming the Atomicals Protocol for their negligence in signing with SIGHASH_NONE and putting their users at risk. There is no flaw with the #ARC20 PBST swap. Read on... 🧵
We actually warned @atomicalsmarket at the beginning not to use SIGHASH_NONE as it will lead to stolen funds. We can prove it. The fact remains they knew they went against basic security practice to rush their product to market.
Here are the docs for how to actually do the secure swap of ARC20 tokens:
https://t.co/oWt3X8BjxK
We are truly very sorry that some users of @atomicalsmarket got defrauded, we know it's devastating to lose funds and it causes loss of trust with everyone involved. Any Bitcoin related service must keep user security as a top priority and not compromise the user security and trust.
EVEN IF there was a problem with the ARC20 PBST swap, signing with SIGHASH_NONE is never acceptable since it will obviously lead to stolen user funds.
They are literally saying: "Hey, we found a protocol limitation so we just decided to use an obviously insecure method that guarantees the users will be stolen from". That is actually what they are saying in the linked tweets, read it again.
It is hard to fathom that anyone would make that argument in the first place in a cowardly attempt to avoid responsibility. Shame on @atomicalsmarket and @BRC20Coins for having the audacity to make such a reckless lie and shameless attempt to avoid responsibility for their negligence and choice to sign with SIGHASH_NONE despite it being common knowledge it is dangerous and despite being warned not to do it.
It is seriously damaging to user trust who cannot tell the difference between the Atomicals Protocol and the @atomicalsmarket copy-pasted logo. They have clearly benefited themselves by leveraging the Atomicals Protocol branding and now wish to pass off the responsibility of their negligence to others. We are shocked they would commit these acts and then have the audacity to keep lying to their users.
For the record, we have no affiliations and no associations with @atomicalsmarket nor any other wallets, markets or any other project.
Here are the steps to perform the PBST swap securely (See link and image below)
STEP 1.
Seller signs 2nd input containing the ARC20 Atomical and 2nd output to receive the payment amount.
Seller signing with SIGHASH_SINGLE | ANYONECANPAY allows the buyer to later add their input for funding and their receive address for the purchased ARC20 tokens.
STEP 2.
Buyer adds their funding input at 1st input and adds the first output to receive the to-be-purchased ARC20 tokens. Signing with SIGHASH_ALL commits the buyer to all inputs and outputs.
The transaction can be safely broadcast and the seller is guaranteed to get paid if the transaction completes, and the buyer is guaranteed to receive the ARC20 that they purchased.
Done, that's it!
https://t.co/oWt3X8BjxK