Small Ethereum Clones Getting Attacked by Mysterious ’51 Crew’
According to various reports, a malicious group of hackers called the “51 Crew” is hijacking blockchain clones by taking a majority of their hashrates and double spending their tokens. Two cryptocurrency projects, Krypton and Shift, are among the first projects to be hit. The 51 Crew Wants to Damage Smaller ETH Clones. The 51 Crew managed to attack the....
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Small blockchains/coins are being targeted by a novel 51% attack that is holding these fledgling cryptos infrastructures hostage. Extorting Blockchains via 51% Attack. The attackers, calling themselves the “51 crew” are overpowering small blockchains with more hashing power and by DDoSing other nodes. It seems as though the attackers are specifically targeting Ethereum-based blockchains as the cryptocurrencies, Krypton (KR) and Shift, both Ethereum type coins, were threatened with a hack if they didn’t pay a ransom to the attackers. Before these cryptos were hacked, the group of attackers....
“Can someone explain to me why NFT clones are selling for so much? asked Redditor LittleDoofus a couple of months ago.NFT clones cash in on successful NFT collections by releasing similar or even identical copies of the art under similar sounding brands. LittleDoofus wanted to know how we have suddenly ascribed so much value to NFTs, let alone mere copies of celebrated NFT artworks?LittleDoofus post continued:Ok so I kinda understand how someone might see the CryptoPunks or Ether Rocks projects as valuable digital collectibles, but whats going on with the craze over the clone projects? I....
A third of the 414 dark net addresses seized in Operation Onymous may have simply been 'cloned' sites with no actual illicit commercial activity taking place on them, according to new research by independent security analyst Nik Cubrilovic. In a blog post presenting his findings, Cubrilovic says 11 dark markets with commercial activity taking place on them remained operational, while their clones had been seized. "Some of these sites were mentioned in the FBI press release ... as having been taken down when in fact the clones were seized," he adds. According to Cubrilovic, the markets....
The Ethereum platform came under DOS attack yesterday, hours before the launch of Ethereum DevCon 2 conference in Shanghai. The Ethereum community had a small scare yesterday after a bug was discovered on the platform. The bug affecting geth nodes built on Go Programming Language was reported as a security alert of high severity on Ethereum blog earlier yesterday. The bug in Ethereum protocol resulted in the crash of geth nodes following memory issues. The issue surfaced hours before the launch of Ethereum DevCon 2 in Shanghai. The issue was determined to be a DOS attack on the platform,....
Following the death of the former antivirus tycoon John McAfee, an ERC20 token called whackd (WHACKD) has seen its valuation rise significantly. Three days ago, the Ethereum-based coin was swapping for less than a U.S. penny, but then the token skyrocketed by 733% reaching over $0.07 per unit. Moreover, four days ago, a mysterious website showcasing the whackd token popped up on the internet alluding to McAfee’s alleged “contingency plan” with a countdown timer. Mysterious McAfee Contingency Plan Website Appears on the Web Leading People to the Whackd Token Contract John....