Cardano founder Charles Hoskinson expresses his delight as the network successfully thwarts a distributed denial of service (DDoS) attack, resulting in the hacker losing funds.
The Cardano network was targeted by a DDoS attack aimed at overwhelming the system with spam traffic. Raul Antonio, CTO of Fluid Token, observed that the invasion began at block 10,487,530 on the Cardano network. Each transaction in this block triggered 194 smart contracts, with the attacker filling each block with multiple transactions to put pressure on the network. Notably, the hacker spent 0.9 ADA per transaction.
Meanwhile, Phillip Disarro, the CEO of Anastasia Labs, revealed a counter-strategy to the attack. He suggested that deregistering the stake credentials used by the attacker would allow anyone to claim their 400 ADA, effectively stopping the DDoS attack.
Disarro further explained that the attacker would need another 400 ADA to restart the attack. However, the funds could be siphoned from them again using the same method.
In a follow-up update, Disarro disclosed that the hacker suspended their assault after reading his warning call, but it was too late, and their funds were already drained. He remarked on the irony of the incident, where an attacker who presumably aimed to harm the ecosystem ended up losing funds instead.
This remarkable twist of fate sparked widespread reactions within the community, giving Cardano proponents more reason to praise the network’s resilience. One community member commented with a breakdown of the events, further praising the network for its ability to navigate the issue.
Cardano founder Charles Hoskinson responded to this commentary with a cheerful GIF, sporting a wide smile and giving the commentator a thumbs up.
Significantly, the funds drained from the attacker were donated to an open-source smart contract project that Anastasia Labs is working on.
It is worth noting that the Cardano network functioned as intended during the exploit, with no impact on liveliness. Moreover, validators handled the transactions with ease, with no stress test. Interestingly, the price of ADA even rallied amidst the news of the DDoS attack on Cardano.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
