Police in the Indian city of Bangalore have seized an ATM just weeks after it was set up by local cryptocurrency exchange Unocoin. A college freshman is coming after your cryptocurrency – but not to steal your coins, just to prove that someone could do so pretty easily. The Financial Services Agency, also known as the FSA, Japan's finance regulator, has formally approved a … [Read more...] about A Freshman 51% Attack
Attack
Polygon Under Accidental Attack From Swarm of Sunflower Farmers
A simple transaction on Polygon currently costs roughly 500 gwei, or $0.50, up from fractions of a cent. Additionally, the number of active addresses on Polygon’s Proof of Stake chain has spiked 60% in a single week, with over 200,000 accounts transacting on the chain. Current speculation is that many of these addresses are “bots.” Source link … [Read more...] about Polygon Under Accidental Attack From Swarm of Sunflower Farmers
Terra’s Mirror protocol warns community against governance attack
Public blockchain network Terra has confirmed an ongoing scam attack via an official governance poll on Mirror, an in-house synthetic assets protocol. According to Mirror, the attacker launched a public poll on Mirror’s official website, which proposes a freeze on the community pool in case of a scam. NEW MIRROR POLL! ALERT: Poll 211 is SCAM -- sending 25,000,000 MIR to itself … [Read more...] about Terra’s Mirror protocol warns community against governance attack
Solana on-chain development increases after a recent DDoS attack
Solana — whose native crypto, SOL, is the fifth-largest cryptocurrency by market capitalization — is leading on-chain development charts despite a recent distributed denial-of-service (DDoS) attack.As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub … [Read more...] about Solana on-chain development increases after a recent DDoS attack
What is an eclipse attack?
When an attacker targets a network’s user, there is usually a deeper motive for doing so. Typically, eclipse attacks can serve as gateways for more complex attacks and disruptions. 0-confirmation double spends A user is at risk of a double-spend if they accept a transaction with no confirmations. By principle, although the transaction has already been broadcast, the … [Read more...] about What is an eclipse attack?