Detail Analysis
Date:
Status:
Count:
Contributor:
January 20, 2021
Verified
1
zerofriction.io
Loss Amount:
-
Recovered Amount:
-
Currency:
Dollars
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Firo
Network
Chain
51% Attack
Extended Method:
51% attack
Data Sources:
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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