Share this article
Ethereum Developers Stymie Blockchain Spammer's New Attack
An effort to disrupt the ethereum blockchain was quickly put down today by a team of network developers.
Updated Dec 10, 2022, 9:46 p.m. Published Jun 1, 2017, 9:35 p.m.
Make us preferred on Google
An unknown attacker that previously disrupted operations on the ethereum blockchain returned today, but so far to limited effect.
In an effort that was reminiscent of attempts last year that succeeded in slowing down activity on network, the owner of an address associated with the wave of spam attacks is sending commands meant to use up 'gas', ethereum's unit of computational power.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
However, in what's perhaps a sign of how far developers have progressed in the last year, the attack was quickly spotted by the community.
Péter Szilágyi, a developer who works on the project's Go implementation, noted that a few ethereum developers, including ethereum creator Vitalik Buterin and geth developer Nick Johnson, contributed to "raising the alarm".
Within an hour, the popular implementation released a new version called 'Hat Trick', complete with a security fix that changed the structure of some types of data that were being utilized in the new attack.
As of press time, the attacker had not sent transactions from the account for an hour.
Spam imagehttps://www.shutterstock.com/image-photo/torontocanadamay-262016-spam-canned-meat-stacked-431040991 via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Crypto Markets Today: Largest tokens decline, with derivatives signaling caution ahead
Even though the Fed's decision to hold interest rates was widely expected, geopolitical tensions and a rotation into haven assets left crypto traders facing a sea of red.
What to know:
- Bitcoin fell and the CoinDesk 20 index dropped as a risk-off shift pushed investors into safe-haven assets.
- Crypto derivatives showed falling open interest, muted volatility and a growing bias toward protective puts and short positions.
- Optimism’s community approved a 12-month plan to use about half of its Superchain revenue for OP token buybacks starting in February. Still, the token fell.
Top Stories
