News
Distributed denial-of-service attacks are “more powerful than ever,” with AI helping automate tasks and bypass CAPTCHA systems, according to Netscout researchers.
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DDoS News
DDoS, or distributed denial-of-service attack, is a cyber-attack which disables a network for intended users by flooding the target with many different sources in order to overload the system. There are a lot of DDoS software tools available on the internet, many of which are quite user-friendly. Still, DDoS attacks are extremely dangerous and may cause the loss of millions of dollars, depending on the duration of the attack. Of course, there are a lot of ways to protect against a DDoS attack, such as firewalls, blackhole routing, upstream filtering and others. Bitcoin has some built-in protections against DDoS attacks, but is still vulnerable and may be slowed down by them. Cryptocurrency exchanges and various web-sites of concrete currency may be attacked, made unavailable for users and even be robbed for some amount of tokens while being under a DDoS attack.
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At the peak of the outage, Downdetector recorded nearly 40,000 users unable to access X; however, Elon Musk says user functionality was quickly restored.
8216 - Analysis
Researchers found a vulnerability in NEAR’s peer-to-peer networking protocol that could have crashed any node, but it was patched before an attacker could discover it.
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A failed DDoS attack on the Cardano blockchain led developers to initiate a node upgrade to enhance security.
4497 - Explained
A DDoS attack can severely compromise the security of a blockchain network by taking down nodes and bloating the network with fraudulent transactions.
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The Ordinals.com website has continued to suffer connection issues due to a distributed denial of service (DDoS).
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Apart from trying to get rid of cheating and bots, STEPN is also working to limit its platform’s availability for users in mainland China.
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Developers have suggested changing Solana’s current data transfer protocol UDP to QUIC, stake-weighted transaction processing and a fee-based transaction priority.
5795 - Market Analysis
SOL price is over 60% away from its all-time high and data shows that its loss of territory to competing chains is driving the correction.
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Chainalysis warned that even “low-skilled cybercriminals” are using malware to swipe funds from crypto hodlers.
4282 - News
Solana reportedly went offline for four hours on Tuesday. However, Solana.Status shows there have been no issues on the network.
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The Solana blockchain has reportedly suffered another DDoS attack that temporarily clogged the network. However, the network appeared to remain online.
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The attack comes just one week after a U.K. court ordered the website to stop hosting the Bitcoin white paper.
6556 - Opinion
The recent Twitter hack shows us that centralized infrastructure is still vulnerable, but DIDs, SSI and blockchains can change the paradigm.
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Binance’s CEO suspects that recent DDoS attacks came from competing exchanges looking to damage Binance’s reputation rather than steal crypto.
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