Group of Hackers Are Holding Small Blockchains Hostage by 51% Attacking Them
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....
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