Cardano DDoS Attack Foiled: Security Efforts See Surge in Development Activity
Cardano’s network recently faced a distributed denial of service (DDoS) attack aimed at exploiting its staking mechanism to steal ADA. The attack began on June 25th at block 10,487,530, with each transaction involving 194 smart contracts and costing the attacker 0.9 ADA per transaction. By flooding the network with these transactions, the attacker intended to send large transactions while minimizing costs.
Philip Disarro, founder of Cardano development firm Anastasia, identified a solution to stop the attack by deregistering the attacker’s stake credential. This measure effectively halted the attack, although it had already significantly depleted the attacker’s funds.
Read More: https://onthenode.com/news/cardano-ddos-attack-foiled-security-efforts-see-surge-in-development-activity
Cardano’s network recently faced a distributed denial of service (DDoS) attack aimed at exploiting its staking mechanism to steal ADA. The attack began on June 25th at block 10,487,530, with each transaction involving 194 smart contracts and costing the attacker 0.9 ADA per transaction. By flooding the network with these transactions, the attacker intended to send large transactions while minimizing costs.
Philip Disarro, founder of Cardano development firm Anastasia, identified a solution to stop the attack by deregistering the attacker’s stake credential. This measure effectively halted the attack, although it had already significantly depleted the attacker’s funds.
Read More: https://onthenode.com/news/cardano-ddos-attack-foiled-security-efforts-see-surge-in-development-activity
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