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Cardano Upgrades Key Node After Outsmarting Attempted Mainnet Attack, Can ADA Break $5 This Bull ...
Cardano initiates a node upgrade following the Mainnet attack to avoid similar issues in the future.
Developers reclaimed stolen tokens during the incident.
Collaboration and resilience ensure the security of Cardano’s ecosystem.
Cardano, the blockchain platform popular for security and scalability, encountered a distributed denial-of-service (DDoS) attack. The incident occurred on June 25, 2024, when the Cardano network encountered a spam attack starting at block 10,487,530.
The attacker’s objective was to manipulate the blockchain into charging lower fees for high-value transactions and potentially steal staked Cardano (ADA) tokens from the network. Raul Antonio, CTO of Fluid Tokens, shed light on the attacker’s intent.
The attacker exploited the fact that the size of reference scripts did not impact transaction fees but affected the workload for validators processing the transactions. However, Cardano developers, including Philip Disarro, founder and CEO of Anastasia Labs, outsmarted the attacker.
Stolen ADA Tokens Successfully Reclaimed
The platform successfully reclaimed the stolen ADA tokens and halted the DDoS attack. Disarro emphasized the importance of thorough testing and independent audits before deploying solutions to production.
He cautioned against rushing to implement changes without proper validation, as vulnerabilities could lead to significant financial losses. Intersect, a member-based organization within the Cardano ecosystem, confirmed the attack and expressed gratitude to the developer community for swiftly resolving the issue.
Update on the spam attack attempted today We want to thank the community for quickly mobilizing to help support us in identifying the source of today’s spam attack on the Cardano mainnet. To complement the community effort to resolve the issue, we have coordinated a technical…
— Intersect (@IntersectMBO) June 25, 2024
Although the Cardano network remained uncompromised, some stake pool operators faced challenges due to increased block height battles. To fortify the Cardano blockchain against future attacks, developers initiated a node upgrade.
Once thoroughly tested, the new node version will be shared with stake pool operators for adoption. Meanwhile, the ADA token is trading at $0.38 having declined by only 0.11% in the last 24 hours.
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The post Cardano Upgrades Key Node After Outsmarting Attempted Mainnet Attack, Can ADA Break $5 This Bull Cycle? appeared first on Crypto News Land.
Developers reclaimed stolen tokens during the incident.
Collaboration and resilience ensure the security of Cardano’s ecosystem.
Cardano, the blockchain platform popular for security and scalability, encountered a distributed denial-of-service (DDoS) attack. The incident occurred on June 25, 2024, when the Cardano network encountered a spam attack starting at block 10,487,530.
The attacker’s objective was to manipulate the blockchain into charging lower fees for high-value transactions and potentially steal staked Cardano (ADA) tokens from the network. Raul Antonio, CTO of Fluid Tokens, shed light on the attacker’s intent.
The attacker exploited the fact that the size of reference scripts did not impact transaction fees but affected the workload for validators processing the transactions. However, Cardano developers, including Philip Disarro, founder and CEO of Anastasia Labs, outsmarted the attacker.
Stolen ADA Tokens Successfully Reclaimed
The platform successfully reclaimed the stolen ADA tokens and halted the DDoS attack. Disarro emphasized the importance of thorough testing and independent audits before deploying solutions to production.
He cautioned against rushing to implement changes without proper validation, as vulnerabilities could lead to significant financial losses. Intersect, a member-based organization within the Cardano ecosystem, confirmed the attack and expressed gratitude to the developer community for swiftly resolving the issue.
Update on the spam attack attempted today We want to thank the community for quickly mobilizing to help support us in identifying the source of today’s spam attack on the Cardano mainnet. To complement the community effort to resolve the issue, we have coordinated a technical…
— Intersect (@IntersectMBO) June 25, 2024
Although the Cardano network remained uncompromised, some stake pool operators faced challenges due to increased block height battles. To fortify the Cardano blockchain against future attacks, developers initiated a node upgrade.
Once thoroughly tested, the new node version will be shared with stake pool operators for adoption. Meanwhile, the ADA token is trading at $0.38 having declined by only 0.11% in the last 24 hours.
Read Also
STEPN App Suffers Multiple DDoS Attacks in the Past 24 Hours
DeFi Disaster: Hundred Finance Loses $7.4M in Cunning Flash Loan Attack
DeFi Protocol Nomad Just Got Drained Over $150M
Wall Street Memes (WSM) Community Faces Coordinated Attack
$47 Million Lost to Phishing Attacks in February, Ethereum Hit Hardest
The post Cardano Upgrades Key Node After Outsmarting Attempted Mainnet Attack, Can ADA Break $5 This Bull Cycle? appeared first on Crypto News Land.
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