The post Cardano Network Thwarts DDoS Attack Targeting Staked ADA appeared on BitcoinEthereumNews.com.

Cardano’s swift developer response effectively mitigated a DDoS attack, ensuring network stability and security. The attack aimed to disrupt Cardano by executing 194 smart contracts per transaction, spending 0.9 ADA each. Developers halted the attack by deregistering the attacker’s stake credential, reclaiming some funds in the process. Cardano successfully defended against a Distributed Denial of Service (DDoS) attack that targeted staked ADA tokens on Tuesday. Despite the attack, the network remained fully operational. The DDoS attack aimed to overwhelm the blockchain with spam transactions, in an attempt to disrupt its services. However, a swift response from Cardano developers mitigated the threat. As highlighted on X platform (formerly Twitter), by Fluid Token chief technology officer @ElRaulito_cnft, the attacker initiated the attack at block 10,487,530, executing 194 smart contracts per transaction and spending 0.9 ADA each. The strategy was to fill blocks with numerous transactions, thereby stressing the network. 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… pic.twitter.com/QUVm0pq0Q8 — elraulito (@ElRaulito_cnft) June 25, 2024 Philip Disarro, founder of Cardano development firm Anastasia, quickly identified the issue. He deregistered the stake credential used by the attacker, effectively halting the attack. 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) June 25, 2024 Besides thwarting the attack, developers also managed to reclaim some funds from the attacker. Consequently, the network’s robustness was demonstrated as it continued…

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Filed under: News - @ June 26, 2024 11:22 am