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Cardano Developer Stops DDoS Attack and Recovers Funds

A Cardano developer successfully thwarted a DDoS attack, ensuring the blockchain’s stability and even recovering some stolen funds.

The DDoS Attack on Cardano

Late Tuesday, the Cardano blockchain faced a distributed denial of service (DDoS) attack aimed at stealing tokens staked on the network. Despite the attack, the network experienced no downtime and continued to function normally.

Quick Mitigation Efforts

DDoS attacks flood servers or blockchains with spam traffic, disrupting access to online services. Fluid Token’s CTO, @ElRaulito_cnft, reported on X that the attack began at block 10,487,530, with each transaction executing 194 smart contracts. The attacker spent 0.9 ADA per transaction, filling each block with multiple transactions to stress the network.

Recovery and Network Stability

Philip Disarro, founder of the Cardano development firm Anastasia, revealed that the attack was quickly halted by deregistering the attacker’s stake credential. Shortly after Disarro’s post, the attacker stopped their efforts to protect their funds, but it was too late—the developer had already begun recovering the stolen funds.

Market Response

In the wake of the successful defense, ADA’s price saw a modest increase, up 0.4% in the past 24 hours, trading at 38 cents during Asian morning hours.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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