Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network

Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network

The proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchain reorganization attack. Firo Team Clarified the Attack Cannot Be Attributed to a ‘Coding Error’ According to a series of tweets published by Firo, the attacker breached the protocol on January 19, and they are working to restore operations. However, the Firo team clarified that the 51% mining attack is not the result of “a coding error but [the] nature of....


Related News

Privacy-focused Firo cryptocurrency suffers 51% attack

Over 300 blocks were rolled back in the course of the 51% attack. Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack.Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause all transactions until the network returns to a normal state. We are under 51% attack at the moment. We recommend not to make transactions during this time until the network returns to a normal state. We will post updates when we have them. Note this is not a coding error but a nature of PoW. $XZC....

Privacy Coin Firo Currently Experiencing 51% Attack

Users should not make transactions during this time.

Privacy Coin Verge Suffers Third 51% Attack, Analysis Shows 200 Days of XVG T...

According to various reports, the cryptocurrency network Verge has suffered a 51% attack that led to a massive 560,000+ block reorganization. Analysts believe the Verge network attack could be the deepest blockchain reorganization (reorg) in history with roughly 200 days worth of verge transactions wiped. Reports Show Verge Network Experienced a Massive 560,000+ Blocks Reorg The blockchain Verge and its native token XVG once made headlines for being added to the popular adult website Pornhub. This week, the Verge network has been 51% attacked according to multiple analysts and observers on....

Grin Network Victim of 51% Attack, Unknown Miner Commands 58% of the Hashrate

The privacy-centric cryptocurrency network Grin (GRIN) has been the victim of a 51% attack according to a number of reports. Allegedly an unknown entity gained control of over 57% of the network hashrate on Saturday. According to the Grin website, the team is recommending people wait for “extra confirmations on transactions for payment finality.” On November 7, 2020, a mining pool dedicated to the Grin (GRIN) network informed the cryptocurrency community that the blockchain was under attack. “Grin network is under [a] 51% attack,” the mining pool called....

Privacy Coin Firo Launches ‘Privacy by Default’ Protocol on Mainnet

Lelantus introduces “on-by-default” privacy while also allowing partial redemptions of Firo’s burn-and-redeem model.