Breaking: BSV reportedly suffers ‘massive’ 51% attack
“After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46 am and attackers are succeeding,” said Lucas Nuzzi of Coin Metrics, referring to the Bitcoin SV chain. Bitcoin SV (BSV) has reportedly suffered a “massive” 51% attack beginning around 11:45 am Tuesday, resulting in up to three versions of the chain being mined simultaneously.Analytics provider Coin Metrics confirmed Tuesday afternoon that its FARUM risk management platform had identified the 51% attack. FARUM has identified a 51% attack today on the BSV network at around 11:45AM....
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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....
The OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash loan attack. The attack, which occurred in the early hours of Tuesday, on November 17, resulted in the disappearance of tokens worth millions of dollars. Confirming the attack, one of the project’s leaders say they are now working with exchanges in order to identify the attacker, as well as to freeze the tokens before they are liquidated. Funds Located The Origin Protocol attack follows a similar incident at Value Defi on November 14 where the criminals stole $6 million worth of tokens.....
The attack comes just one week after a U.K. court ordered the website to stop hosting the Bitcoin white paper. A website aiming to support the development of Bitcoin has reportedly been hit with a DDoS attack.Cøbra, the pseudonymous owner of Bitcoin.org, reported on Twitter today that the website had been hit with an “absolutely massive” distributed denial of service, or DDoS, attack along with a ransom demand for an undisclosed amount of Bitcoin (BTC). At time of publication, Bitcoin.org is still accessible. “Back in the day you could put up a reasonable fight against most DDoS attacks,”....
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....
The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million.