Security Vulnerability Found In Iota

This comment was posted to reddit on Sep 07, 2017 at 3:34 pm and was deleted within 21 hour(s) and 2 minutes.

Fast facts:

We were the ones that initiate it in the first place by reaching out to Ethan to review IOTA. He declined due to working on a competing project, but decided to pursue it anyway without letting us know.
No funds were ever at risk, we had anticipated this for 2 years and had numerous security measures in place. This has been covered extensively in The Transparency Compendium on June 15th and Upgrades and Updates on August 7th.
IOTA is indeed, like we have stated ad nauseam a protocol in development, like all other ones. This is a very trivial issue, nowhere close to the vulnerabilities found in Monero, Dash or Ethereum over the past years.
We are right now writing up a blog post addressing their claims, several of which are 100% fallacious.
Even though we naturally appreciate researchers providing insight which the open source community can learn from, this is a minor issue blown into a full clickbait.