Crypto: Cardano Emerges Victorious From a Sophisticated Hacking Attempt

The Cardano blockchain thwarted a sophisticated DDoS attack aimed at disrupting its network and stealing staked crypto. Thanks to a quick and effective response from its development team, Cardano maintained the integrity of its platform, demonstrating its robustness against cyber threats.

A narrowly averted DDoS attack

On Tuesday night, Cardano faced a large-scale distributed denial-of-service (DDoS) attack.

The attackers attempted to overwhelm the network by massively executing smart contracts, saturating each block with transactions.

Raul elRaulito, CTO of Fluid Token, specified on X that the attack began at block 10,487,530, with 194 smart contracts executed per transaction.

“The attacker spent 0.9 ADA per transaction, filling each block with multiple operations to strain the network,” explains ElRaulito.

The cyber criminals had a dual objective: paralyze the network’s functioning and seize staked cryptos. However, their strategy collided with Cardano’s robust defense mechanisms.

Philip Disarro, founder of Anastasia, a Cardano development company, quickly identified the threat and proposed an effective solution: to delete the staking identifier used by the attacker.

Cardano’s responsiveness, a major asset

The Cardano team’s response was exemplary. Indeed, as soon as the attack was detected, measures were taken to counter the threat. Philip Disarro played a crucial role by proposing a quick and effective solution. His recommendation to remove the milestone identification record used by the attacker was promptly implemented.

This responsiveness not only stopped the attack but also led to the recovery of some of the attacker’s funds.

As Disarro pointed out: “DDOSer ended his attack after reading my tweet to protect their funds. Unfortunately, they were too late and their funds’ looting is already underway.”

Following this event, ADA, Cardano’s native crypto, recorded a 0.4% increase in 24 hours, trading at 38 cents in Asia.

In summary, this incident highlights Cardano’s resilience against cyber threats. The platform has demonstrated its ability to maintain the security of its users, thereby strengthening its position in the crypto ecosystem.