The Cardano blockchain was subjected to a DDoS attack in an attempt to steal staked ADA tokens, but the attacker was unsuccessful.
While Cardano developers announced that the attack failed because they acted quickly and effectively, there was no significant impact on the functioning of the network and the network continued to operate as usual.
While no losses occurred during the attack, Fluid Token CTO said that the DDoS attack started at block 10,487,530 and each transaction executed 194 smart contracts.
He added that the attacker spent 0.9 ADA per transaction and tried to disrupt the activity of the network by filling each block with several transactions.
Philip Disarro, founder of Cardano development company Anastasia, quickly detected the attack and explained the precautions to be taken. Thanks to the measures suggested by Disarro, the DDoS attack was stopped.
Because the attackers realized that their plans had been revealed and stopped their actions. Cardano developers responded quickly to the incident, managed to retrieve the stolen assets and ensure the security of the network.
Despite the attack on the Cardano network, the ADA price remains resilient and continues to trade at $0.38 at the time of writing.
What is a DDoS Attack?
DDoS is a common attack method in which an attacker floods a server (or a blockchain) with spam traffic to prevent users from accessing connected online services and sites.
A DDoS attack aims to exceed the capacity of the website or network to process a large number of requests and prevent it from functioning properly by sending multiple requests to the attacked web resource.
*This is not investment advice.
