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Detail Analysis

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Date:

Status:

Count:

Contributor:

January 20, 2021

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Verified

1

zerofriction.io

Loss Amount:

-

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Firo

Network

Chain

51% Attack

Extended Method:

51% attack

Data Sources:

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The privacy coin project Firo stated on Twitter that it is currently under 51% attacks and it is recommended that users do not trade during this period until the network returns to normal. It seems over 300 blocks rolled back within the time it took for the 51% attacks to take control. Additionally, they alerted their users to the actual cause of the attack. The attack was in fact, caused by the nature of the Proof-of-Work (PoW) consensus and not due to a coding error. Firo’s team says it is currently working with pools and exchanges to resolve the issue.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.