{"id":33109,"date":"2024-06-26T11:52:04","date_gmt":"2024-06-26T11:52:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cardano-ada-counters-a-major-security-attack-guarantees-network-stability\/"},"modified":"2024-06-26T11:52:04","modified_gmt":"2024-06-26T11:52:04","slug":"cardano-ada-counters-a-major-security-attack-guarantees-network-stability","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cardano-ada-counters-a-major-security-attack-guarantees-network-stability\/","title":{"rendered":"Cardano (ADA) counters a major security attack, guarantees network stability"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div>\n<p>The Cardano (ADA) network encountered a distributed denial of service (DDoS) attack late on Tuesday. <\/p>\n<p><span class=\"news-article-by-paragraph \"><\/p>\n<p><strong><em>Are you looking for signals &amp; alerts from pro-traders? <a href=\"https:\/\/invezz.com\/signals\/?block=news-single&amp;component=np_iccta_p&amp;fragment=text-link&amp;guid=MTcwMjIxNQ==\">Sign-up to Invezz Signals\u2122 for FREE<\/a>. Takes 2 mins.<\/em><\/strong><\/p>\n<p><\/span><\/p>\n<p>The perpetrators intended to steal assets staked on the blockchain.<\/p>\n<p>The attackers wanted to disrupt services by overwhelming the ADA network with massive spam transactions.<\/p>\n<p>Details show the incident began at block 10,487,530, where each transaction executed 194 smart contracts.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">On Block 10,487,530, an attack on the Cardano network began.<\/p>\n<p>\ud83d\udc1b Each transaction executes 194 smart contracts.<br \/>\ud83d\udc1b The attacker is spending 0.9 ADA per transaction.<br \/>\ud83d\udc1b They are filling each block with many of these transactions.<br \/>\ud83d\udc1b The smart contracts used are of type REWARD.<\/p>\n<p>In\u2026 <a href=\"https:\/\/t.co\/QUVm0pq0Q8\">pic.twitter.com\/QUVm0pq0Q8<\/a><\/p>\n<p>\u2014 elraulito (@ElRaulito_cnft) <a href=\"https:\/\/twitter.com\/ElRaulito_cnft\/status\/1805654707378983353?ref_src=twsrc%5Etfw\">June 25, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The hacker spent 0.9 ADA for each transfer and filed blocks with immense transactions to overwhelm the blockchain.<\/p>\n<section class=\" advert-reload  in-content-2 relative bg-grey-100 inv-component-break-container p-4 md:p-5 \" data-advertid=\"1416328\" data-advert=\"in-content-2\" data-offertype=\"crypto\">\n<div class=\"md:grid grid-cols-4 md:gap-4\">\n<main class=\"col-span-3\"><\/p>\n<p>\n<span class=\"font-900\">Featured Broker<\/span>\n<\/p>\n<h2 class=\"wp-block-heading\">Looking to invest?<\/h2>\n<p>Invest and trade CFD stocks, ETFs, digital assets &amp; commodities in minutes with our highest-rated broker.<\/p>\n<p>Your capital is at risk. 51% of retail CFD accounts lose money.\n<\/p>\n<p><\/main><\/p>\n<aside class=\"md:flex items-center justify-center\">\n<p><a href=\"https:\/\/invezz.com\/visit\/etoro-crypto?block=news-single&amp;component=np_iccta_p&amp;fragment=button&amp;guid=MTcwMjIxNQ==\" target=\"_blank\" class=\"inv-button font-700 text-center&#10;&#10;&#9;&#10;&#9; block w-full &#10;&#9;bg-yellow-900 border-yellow-900 text-white hover:bg-yellow-500 px-4 py-4 inv-button--icon-hover-only inv-button-animate-icon inv-button-animate-icon--move-right z-10 relative\" rel=\"nofollow noopener sponsored\"><br \/>\n<span class=\"flex items-center content-center\"><br \/>\nOpen your account<br \/>\n<i class=\"fa fa fa-arrow-right ms-2\"\/><br \/>\n<\/span><br \/>\n<\/a><\/p>\n<p>Your capital is at risk. 51% of retail CFD accounts lose money.\n<\/p>\n<\/aside>\n<\/div>\n<p>\n<span class=\"bg-grey-900\" style=\"opacity: 0.3; width: 100%; height: 100%; position: absolute; top: 0; right: 0;\"\/><br \/>\n<span class=\"text-white relative z-10\" style=\"opacity: 1\">Ad<\/span>\n<\/p>\n<\/section>\n<p>Nevertheless, the network faced no damage as developers successfully mitigated the incident. \u00a0<\/p>\n<p>The Cardano blockchain remains fully operational and guarantees stability in the coming times.<\/p>\n<h2 class=\"wp-block-heading\" id=\"cardano-successfully-prevents-ddos-attack\">Cardano successfully prevents DDoS attack<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>The founder of Cardano development Anastasia, Philip Disarro, discovered the network issue.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Update: DDOSer halted his attack after reading my tweet in an effort to protect his funds. Alas, they were too late and the pillaging of their funds is already in progress. <\/p>\n<p>Thanks for the free money moron. <\/p>\n<p>Truly iconic that the attacker who presumably wanted to damage the\u2026<\/p>\n<p>\u2014 phil (@phil_uplc) <a href=\"https:\/\/twitter.com\/phil_uplc\/status\/1805672403822870776?ref_src=twsrc%5Etfw\">June 25, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Dissaro deregistered the attacker\u2019s stake credentials, thus stopping the attack.<\/p>\n<p>Moreover, the developers retrieved some assets from the perpetrator.<\/p>\n<p>The latest incident highlighted Cardano\u2019s robustness, as the blockchain maintained operations without downtimes.<\/p>\n<p>The ability to thwart such attacks demonstrates Cardano\u2019s state-of-the-art security measures and developer efficiency.<\/p>\n<p>Furthermore, the attack underscores the need for strict security measures. Also, it reveals the benefits of regularly checking blockchain and timely response to any threats.<\/p>\n<h2 class=\"wp-block-heading\" id=\"cardano-and-cyber-attacks\">Cardano and cyber attacks<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>While Cardano positions itself as a reliable and secure network, it has its share of cyber threats. <\/p>\n<p>The best thing is attacks on the ADA blockchain are somewhat uncommon compared to other leading platforms.<\/p>\n<p>Cardano has experienced various security attacks (in the past), though it\u2019s yet to suffer immensely.<\/p>\n<p>Fraudsters attempted to steal user funds and private keys in 2020. <\/p>\n<p>However, developers and the community discovered and addressed the threats quickly.<\/p>\n<p>Cardano\u2019s strict development procedure and peer-reviewed research ensure that developers identify and fix any issue before the damage.<\/p>\n<p>Indeed, it seems challenging to orchestrate a successful hack on the Cardano blockchain.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a> cannot be hacked when it comes to the protection of assets. Why? There is nothing to hack. All digital assets are protected by private keys that are in the hands of owners. The most important thing is to choose a wallet wisely. <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a><a href=\"https:\/\/t.co\/LvCC72N1Br\">https:\/\/t.co\/LvCC72N1Br<\/a><\/p>\n<p>\u2014 Cardanians (CRDN) (@Cardanians_io) <a href=\"https:\/\/twitter.com\/Cardanians_io\/status\/1634506294986956800?ref_src=twsrc%5Etfw\">March 11, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\" id=\"adas-current-price-outlook\">ADA\u2019s current price outlook<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>While hacking incidents triggered wild bearish moves in the crypto market, Cardano displayed strength following the latest event.<\/p>\n<p>ADA traded at $0.3884 during this publication, down 0.53% over the past day.<\/p>\n<figure class=\"wp-block-image inv-component-break-container size-full\"><figcaption class=\"wp-element-caption\">ADA 1D Chart on Coinmarketcap<\/figcaption><\/figure>\n<p>Nevertheless, the alt will likely dip further before <a href=\"https:\/\/invezz.com\/news\/2024\/06\/25\/cardano-signals-recovery-following-dex-screener-dex-tools-integration-ada-jumps-5\/\">continuing its upward moves<\/a>.<\/p>\n<p>The Relative Strength Index at 38.79 suggests imminent oversold conditions.<\/p>\n<p>Also, the Moving Average Convergence Divergence indicates potential dips in the near term.<\/p>\n<p>The altcoin\u2019s steady performance showcases Cardano\u2019s resilience when faced with cyber threats.<\/p>\n<p><img class=\"ss-hidden-pin-image\" alt=\"Cardano Blockchain Market Symbol\" src=\"https:\/\/invezz.com\/news\/2024\/06\/26\/cardano-ada-counters-a-major-security-attack-guarantees-network-stability\/\" data-pin-media=\"https:\/\/invezz.com\/wp-content\/uploads\/2022\/11\/cardano-blockchain-ada-symbol-scaled.jpg\" data-pin-description=\"Cardano (ADA) counters a major security attack, guarantees network stability\" style=\"display:none\"\/><\/p>\n<div class=\"advert-reload flex flex-wrap mb-4 inv-advert inv-advert-news inv-component-break-container bg-grey-100 px-4 pt-4 pb-3 \" data-advertid=\"1244463\" data-advert=\"news-single\" data-offertype=\"\">\n<p>\n<span class=\"bg-grey-900\" style=\"opacity: 0.3; width: 100%; height: 100%; position: absolute; top: 0; right: 0;\"\/><br \/>\n<span class=\"text-white relative z-10\" style=\"opacity: 1\">Ad<\/span>\n<\/p>\n<div class=\"leading-150 w-full lg:w-auto lg:flex-1 inv-advert-news__main-content\">\n<p>Want easy-to-follow crypto, forex &amp; stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at <a href=\"https:\/\/invezz.com\/signals\/?block=news-single&amp;component=np_iccta&amp;fragment=text-link&amp;guid=MTcwMjIxNQ==\" target=\"_blank\" rel=\"noopener\">Invezz Signals\u2122<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/invezz.com\/news\/2024\/06\/26\/cardano-ada-counters-a-major-security-attack-guarantees-network-stability\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) The Cardano (ADA) network encountered a distributed denial of service (DDoS) attack late on Tuesday. Are you looking for signals &amp; alerts from pro-traders? Sign-up to Invezz Signals\u2122 for FREE. Takes 2 mins. The perpetrators intended to steal assets staked on the blockchain. The attackers wanted to disrupt services [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":33110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33109"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33109"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33110"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}