Cardano

2024

Block

Security

Fluid

Cardano experienced a severe distributed denial-of-service (DDoS) attack on June 25. Developers are now working to strengthen the network’s defenses against similar incidents in the future. The attack <a href="https://www.cryptotimes.io/2024/06/26/cardano-blockchain-faces-ddos-attack-at-block-10487530/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/06/26/cardano-blockchain-faces-ddos-attack-at-block-10487530/" rel="noreferrer noopener">began at block 10,487,530</a> and aimed to exploit vulnerabilities in blockchain transaction fee calculations. 
Raul Antonio, CTO of Fluid Tokens, noted that the attacker aimed to reduce fees for high-value transactions and potentially steal staked Cardano ADA tokens. 
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 On Block 10,487,530, an attack on the Cardano network began. 🐛 Each transaction executes 194 smart contracts. 🐛 The attacker is spending 0.9 ADA per transaction. 🐛 They are filling each block with many of these transactions. 🐛 The smart contracts used are of type REWARD. In… <a href="https://t.co/QUVm0pq0Q8" rel="nofollow" target="_blank">pic.twitter.com/QUVm0pq0Q8</a>— elraulito (@ElRaulito_cnft) <a href="https://twitter.com/ElRaulito_cnft/status/1805654707378983353?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 25, 2024</a>
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Philip Disarro, CEO of Anastasia Labs, <a href="https://x.com/phil_uplc/status/1805653337976504428" target="_blank" rel="noreferrer noopener nofollow">described</a> the attack strategy, emphasizing its impact on transaction processing by validators. Despite the attempt, Cardano developers swiftly responded, preventing the theft of ADA tokens and effectively halting the DDoS assault.&nbsp; 
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 Update: DDOSer halted his attack after reading my tweet in an effort to protect his funds. Alas, they were too late and the pillaging of their funds is already in progress. Thanks for the free money moron. Truly iconic that the attacker who presumably wanted to damage the…— phil (@phil_uplc) <a href="https://twitter.com/phil_uplc/status/1805672403822870776?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 25, 2024</a>
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In an unexpected turn, Disarro commented on the irony that the attacker inadvertently contributed to open-source smart contract development funds. He emphasized the importance of rigorous testing and independent audits before implementing network upgrades to prevent vulnerabilities that could lead to financial losses. 
Intersect, a Cardano ecosystem organization, <a href="https://x.com/IntersectMBO/status/1805709955493752880" target="_blank" rel="noreferrer noopener nofollow">confirmed</a> the incident and praised the community’s rapid response. Although the network experienced heightened activity and some stake pool operators faced challenges, Cardano’s core functionality remained unaffected. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/24/cardanos-sundae-v3-hits-9264-orders-in-24-hours/" target="_blank" rel="noreferrer noopener">Cardano’s Sundae V3 Hits 9264 Orders in 24 Hours</a> 
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Cardano Node Boosts Security Post Mainnet DDoS Attack

The Crypto Times

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