Cardano

Fluid

<p>The Cardano blockchain thwarted a sophisticated DDoS attack aimed at disrupting its network and stealing staked crypto. Thanks to a quick and effective response from its development team, Cardano maintained the integrity of its platform, demonstrating its robustness against cyber threats.</p>
<h2 id="h-a-narrowly-averted-ddos-attack">A narrowly averted DDoS attack</h2>
<p>On Tuesday night, <a href="https://www.cointribune.com/en/crypto-cardano-faces-criticism-despite-strong-fundamentals/" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> faced a large-scale distributed denial-of-service (DDoS) attack.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>The attackers <a href="https://www.coindesk.com/tech/2024/06/26/cardano-unfazed-by-failed-ddos-attack-targeting-staked-ada/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines" target="_blank" rel="noopener noreferrer nofollow">attempted</a> to overwhelm the network by massively executing smart contracts, saturating each block with transactions.</p>
<p>Raul elRaulito, CTO of Fluid Token, specified on X that the attack began at block 10,487,530, with 194 <a href="https://www.cointribune.com/en/cardano-challenges-the-crypto-market-over-1000-new-smart-contracts-in-april/" target="_blank" rel="noopener noreferrer nofollow">smart contracts</a> executed per transaction.</p>
<p>“<em>The attacker spent 0.9 ADA per transaction, filling each block with multiple operations to strain the network</em>,” explains ElRaulito.</p>
<p>The cyber criminals had a dual objective: paralyze the network’s functioning and seize staked cryptos. However, their strategy collided with Cardano’s robust defense mechanisms.</p>
<p>Philip Disarro, founder of Anastasia, a Cardano development company, quickly identified the threat and proposed an effective solution: to delete the staking identifier used by the attacker.</p>
<h2 id="cardano-s-responsiveness-a-major-asset">Cardano’s responsiveness, a major asset</h2>
<p>The Cardano team’s response was exemplary. Indeed, as soon as the attack was detected, measures were taken to counter the threat. Philip Disarro played a crucial role by proposing a quick and effective solution. His recommendation to remove the milestone identification record used by the attacker was promptly implemented.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>This responsiveness not only stopped the <a href="https://www.cointribune.com/en/hack-of-the-century-a-3-million-bitcoin-wallet-resurfaced-from-the-depths-10-years-later/" target="_blank" rel="noopener noreferrer nofollow">attack</a> but also led to the recovery of some of the attacker’s funds.</p>
<p>As Disarro pointed out: “<em>DDOSer ended his attack after reading my tweet to protect their funds. Unfortunately, they were too late and their funds’ looting is already underway</em>.”</p>
<p>Following this event, ADA, Cardano’s native crypto, recorded a 0.4% increase in 24 hours, trading at 38 cents in Asia.</p>
<p>In summary, this incident highlights Cardano’s resilience against cyber threats. The platform has demonstrated its ability to maintain the security of its users, thereby strengthening its position in the <a href="https://www.cointribune.com/en/genesis-is-coming-cardano-finally-ready-to-eclipse-its-crypto-rivals/" target="_blank" rel="noopener noreferrer nofollow">crypto ecosystem</a>.</p>

Crypto: Cardano Emerges Victorious From a Sophisticated Hacking Attempt

Table of Contents

Cointribune EN

Other articles published on Jun 26, 2024

Mt. Gox to Begin Repayment in Bitcoin and Bitcoin Cash Starting July

Solana & Dialect Unveil Actions and Blinks

Istanbul Blockchain Week 2024 Returns, Showing Turkey as a Rising Star in Web3 Adoption

Chiliz (CHZ) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

US Govt Sends $240M Worth of Silk Road Bitcoin to Coinbase

Interview: Algorand launches LiquidAuth to combat WalletConnect vulnerability

Join our free newsletter for daily crypto updates!