An attacker launched a DDoS attack on the Cardadon network, but the attack was not only foiled; the attacker was drained.
recently faced a security threat, but its developers successfully repelled the attack. Subsequent analysis of developer activity on the network showed a slight increase, likely as a response to the incident.network experienced a distributed denial of service attack on 25th June. The attack was aimed at exploiting the network’s staking mechanism to steal ADA., the attack commenced at block 10,487,530.
By filling each block with numerous such transactions, which utilized “reward” type smart contracts, the attacker managed to send large transactions while minimizing expenditure., the founder of Cardano development firm Anastasia, provided a solution to halt the attack by suggesting the deregistration of the stake credential used by the attacker. Following his post, the attack ceased.
Analysis of the development activity trend indicates that there was a significant increase in activity shortly before the recent attack.As of the latest data, it has further risen to 190. This level marked the highest level of development activity Cardano has experienced in over a month.This surge in development activity was largely influenced by the recent hack attempt, prompting the developer community to ramp up efforts.on a daily time frame chart indicated a recent fluctuation in its price.
This rise marked a brief deviation from the downtrend it had been experiencing over the previous days. However, this increase was not sufficient to establish a reversal into an uptrend.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.
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