Cardano

Cyber

Fluid

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cardano-defends-against-cyber-attack/" data-wpel-link="internal">Cardano Defends Against Cyber Attack</a><br></p>
<p style="text-align: justify"><strong>Cardano</strong>, one of the significant Blockchain platforms in the cryptocurrency world, faced a major cyber attack during the night. The attackers aimed to steal staked tokens and initiated a DDoS attack to disrupt the network’s operation. However, thanks to Cardano’s strong defense mechanisms and the quick response of the developer team, the attack failed, and the network’s integrity was preserved.</p> 
<h2 style="text-align: justify" id="details-of-the-ddos-attack-on-the-cardano-network">Details of the DDoS Attack on the Cardano Network</h2> 
<p style="text-align: justify">The attackers followed a strategy aimed at overwhelming the <strong>Cardano</strong> network with excessive transactions. They tried to disrupt the network’s normal operation by executing numerous smart contracts, filling each block with many transactions. This technique is commonly used by cybercriminals to disable online services by overloading them with traffic. However, this time the attackers did not achieve the expected result.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-365199 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/cardano.png" alt="" width="510" height="296"></p> 
<p style="text-align: justify">Philip Disarro, the founder of Cardano development firm Anastasia, quickly detected the attack and took necessary measures without delay. Disarro noted that the attacker spent 0.9 <a href="https://en.coin-turk.com/ada-coin-price-prediction-is-an-upward-move-imminent/" data-wpel-link="internal">ADA</a> per transaction and executed 194 smart contracts per block. The purpose of this intense activity was to stress the network and potentially allow the attackers to steal staked tokens. Disarro suggested deleting the record of the stake credential used by the attacker, and this suggestion was quickly implemented.</p> 
<h2 style="text-align: justify" id="stopping-the-attack-and-its-consequences">Stopping the Attack and Its Consequences</h2> 
<p style="text-align: justify">With the implementation of Disarro’s suggestion, the attack was stopped. The attackers realized their plans were exposed, ceased their efforts, and moved to protect their funds. Cardano developers began to recover the stolen assets and secured the network. One of the key figures in this process was a developer from Fluid Token, known as @ElRaulito_cnft on the X platform. This developer’s quick action and public communication played a critical role in neutralizing the attack.</p> 
<p style="text-align: justify">Cardano’s effective response to this DDoS attack demonstrated the network’s resilience and the vigilance of its developer community. Despite the sophisticated tactics of the attackers, the network continued to operate normally, showcasing its robustness against such threats.</p> 
<p style="text-align: justify">Following the attack, the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">price</a> of Cardano’s cryptocurrency <strong>ADA</strong> remained stable, reflecting the confidence in the network’s security. ADA was trading at 38 cents in the morning, showing a 0.4% increase in the last 24 hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cardano-defends-against-cyber-attack/" data-wpel-link="internal">Cardano Defends Against Cyber Attack</a></h5>

Cardano Defends Against Cyber Attack

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