Ethereum Foundation Under Attack, Selling 1,700 ETH Cost Them This Much
The Ethereum Foundation, the organization leading the development of this blockchain, made a fresh sale of ETH in exchange for millions of dollars. This time, the organization was the victim of the vicious fees market structure ruling transactions on the network. Related Reading: BitVM Turns Bitcoin Into Ethereum Without Fork, All Altcoins Useless? Ethereum Foundation […]
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Several hours ago The DAO's smart contract received another wave of attacks. The ether balance started to decline at a fast pace, it has now been revealed that members of the curator team and the Ethereum foundation are behind a white hat attack to rescue the remaining funds. The DAO received another attack, this time, a blue team comprised of curators and Ethereum foundation members launched their own initiative to save the remaining funds. The ether is being sent to this address, and the revelation came after community members realized that a large-scale attack was unfolding once more.....
As tensions between the Ethereum Core and Classic communities heat up, some rogue ETH users see the opportunity to 51% attack their new competitor. Going by the pseudonym of Seanz123, the pro-ETH Core user and alleged miner began promoting the idea of a 51% attack against ETC on the forums late on July 27. This intent has only been expressed by a handful....
Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reached a new all-time price high. Altair is the next step for the Ethereum’s network’s proof-of-stake (PoS) transition. However, a recently submitted white paper explains that a group of computer scientists from Stanford University and the Ethereum Foundation believe there are three attack vectors “on [a] proof-of-stake Ethereum” blockchain.
The 3 Attacks Against Ethereum Thesis Aims to Describe a Proof-of-Stake Problem Based on Evidence
The Ethereum....
The DAO debacle continues, after the miner community voted in favor of a protocol soft fork, a new vulnerability introduced by the update has caused the support to the fork to be withdrawn. Geth's 1.4.8 version could allow an attacker to SPAM and effectively freeze the whole Ethereum network. The Ethereum Foundation has introduced a new Geth client version (1.4.9) that rolls back the changes made in the previous soft-fork-enabled software. A security alert was issued by Ethereum Foundation. In the announcement, the developer Felix Lange explained: An attack vector has been identified in....
Krypton, Ethereum-based network, has recently recovered from a 2-step attack which resulted in a total of 21,465 KR, approximately $3000 USD, being stolen from Bittrex’s wallets. The Krypton team suspects that the attack might have been just a test: attackers might go for other Ethereum-based blockchains such as ETC, for example. How the attack happened. According to a press release by Stephanie Kent, Krypton’s Founder, and Rocky, cryptocurrency trader, investor and analyst, attackers used Double-Spending to steal the KR from Bittrex. After the attack, all deposits and withdrawals on both....