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Cardano Network Withstands DDoS Attack Targeting Staked ADA

Jun 26, 2024 1 min read

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The Cardano blockchain experienced a Distributed Denial of Service (DDoS) attack aimed at stealing staked ADA tokens and disrupting network operations. The attack began at block 10,487,530, with each transaction executing 194 smart contracts and spending 0.9 ADA. Despite these efforts, Cardano's decentralized design allowed it to remain fully operational, and no significant damage or congestion was reported.

Developer Philip Disarro of the Cardano development firm Anastasia played a crucial role in mitigating the attack by deregistering the stake credential used by the attacker. This swift response halted the threat and protected the network's integrity. The attack underscored the importance of continuous security measures and monitoring, especially as Cardano prepares for the upcoming Chang Hard Fork, which aims to transition the blockchain into a self-governing protocol.

Following the attack, the price of Cardano's ADA token remained stable, reflecting confidence in the network's security measures. Despite the attempted disruption, Cardano continues to move forward with its planned advancements and maintains readiness for future developments.

#tech #blockchain #cryptocurrency #security #security-breach #cyber-crime

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