Monya - Monacoin & Altcoins Wa v 3.10.5
We could not verify that the provided code matches the binary!
As part of our Methodology, we ask:
Published code doesn’t help much if it is not what the published binary was built from. That is why we try to reproduce the binary. We
- obtain the binary from the provider
- compile the published source code using the published build instructions into a binary
- compare the two binaries
- we might spend some time working around issues that are easy to work around
If this fails, we might search if other revisions match or if we can deduct the source of the mismatch but generally consider it on the provider to provide the correct source code and build instructions to reproduce the build, so we usually open a ticket in their code repository.
In any case, the result is a discrepancy between the binary we can create and the binary we can find for download and any discrepancy might leak your backup to the server on purpose or by accident.
As we cannot verify that the source provided is the source the binary was compiled from, this category is only slightly better than closed source but for now we have hope projects come around and fix verifiability issues.
The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.But we also ask:
Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.
This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.
The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.The Analysis ¶
This does not represent a full code review.
App Description
Crypto currency wallet that supports Monacoin, Bitcoin, Counterparty and many other currencies, and that satisfies both beginners and advanced users.
Easy
- This makes difficult crypto aspects easy.
- You don’t need email address or another private information.
Multi currency
- Bitcoin-based coins such as Bitcoin, Dash, Litecoin supported
- Counterparty, Monaparty, Monacard are supported.
- Not only XEM but also NEM Mosaic available
- Ethereum , ERC 20 Tokens are also supported.
- You can also send and receive XRP.
- You can even add a new currency.
Security conscious
- Private key is stored in only your device. So it is much higher than online wallet.
- Easy backup methods
- BIP44 HD wallet
- Complete open source
The Site
Their site is a Github hosted website.
The App
We tried the app. Some portions of it were in Japanese, although you can choose to receive your mnemonics in English. After the user is provided with a passphrase, the app asks you to set a password. You can add several other cryptocurrencies including Bitcoin. It is possible to send and receive Bitcoin.
Verdict
This app is self-custodial. However, upon attempting to verify this code, we got the following:
Building version 3.10.4 and comparing it to version from google-play, result in below diff:
Command:diff --recursive --brief ./monya_local_build_3.10.4_2/ ./monya-from-google-playResult:
Files ./monya_local_build_3.10.4_2/AndroidManifest.xml and ./monya-from-google-play/AndroidManifest.xml differ
Files ./monya_local_build_3.10.4_2/assets/www/dist/0.dist.js and ./monya-from-google-play/assets/www/dist/0.dist.js differ
Files ./monya_local_build_3.10.4_2/assets/www/dist/dist.js and ./monya-from-google-play/assets/www/dist/dist.js differ
Only in ./monya-from-google-play/META-INF: GOOGPLAY.RSA
Only in ./monya-from-google-play/META-INF: GOOGPLAY.SF
Files ./monya_local_build_3.10.4_2/META-INF/MANIFEST.MF and ./monya-from-google-play/META-INF/MANIFEST.MF differ
Files ./monya_local_build_3.10.4_2/resources.arsc and ./monya-from-google-play/resources.arsc differ
This app is unreproducible.
(dg)
Do your own research!
Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.
If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.