This is one part of the equation regarding the sudden and unexpected decline not just altcoins but the whole crypto market including bitcoin. It seems that Chainlink team is up 24x7 to monitor the health of their systems that's why this kind of exploits have been caught and mitigated on time. 700 ETH is a lot, but then again, if not for the quick actions, it could drain other nodes wallet and the criminals could have double their money.
This is a lessons for other projects right now, check everything, check every possible loopholes, they don't want to be the next victims by these low life cyber actors.
Topic: Chainlink nodes were targeted last week, cost them at least 700 ETH (Read 126 times)
September 05, 2020, 06:02:12 PM
September 05, 2020, 01:14:22 AM
The more popular the project is in the market, the more attacks will be, it seems that not only are chainlink many other large projects often face this kind of attack, if it can be overcome it will certainly be an added value for the project in the eyes of investors, so I think that attack needs to be watched out for, chainlink has a high value and quite popular in the market, unfortunately I do not hold the token and know very little about the project
September 05, 2020, 12:51:14 AM
Do you think guys that this was the reason why Chainlink dumped too hard these last few days? Chainlink drops almost 40% from it's all-time-high price. It's too devastating for those people who bought Chainlink the peak, hoping it will do a parabolic move again.
But if you guys check the chart of Chainlink, it's kinda dropping again to another horizontal support.
But if you guys check the chart of Chainlink, it's kinda dropping again to another horizontal support.
If you ask me lots of factors are coming into play when it comes to chainlink dump.
1. Corrections after a massive pump.
2. BTC's price movement ( really unstable right now)
3. This attack that OP mentioned.
4. ZEUS fud.
September 04, 2020, 09:10:27 PM
sometimes I wonder how cryptocurrency startups plan to put the local banks out of business. when cyber threat seem to be reoccurring more often that bullruns
I don't think that the aim though, cryptocurrency startups are here to make money and offer an alternative and options for the existing banking system. So it won't go obsolete. And everyone should be "BYOB".
It's obviously, cyber threat increase during bull run, whether hacks, scams because of the potential to steal big tons of money, in this case 70 ETH easy peasy for this criminals.
September 04, 2020, 08:23:04 PM
Chainlink nodes were targeted in an attack last weekend that cost them at least 700 ETH
https://www.theblockcrypto.com/post/76986/chainlink-nodes-attack-eth
I don't know if you guys are aware that Chainlink was attack, as a result causing some node operator to lose a total of 700 ETH. The good thing is that it was caught right away and at least it didn't drain that much ETH as nodes keeps on refelling their wallets with ETH. Good job the the people behind the project, but this is another lesson that cyber threat actors are already watching from behind and are going to exploit it again if they found some vulnerabilities.
sometimes I wonder how cryptocurrency startups plan to put the local banks out of business. when cyber threat seem to be reoccurring more often that bullruns Quote
Quick Take
- At least nine Chainlink node operators suffered an attack on Sunday that resulted in the draining of about - 700 ETH from their wallets, The Block has learned.
- The attack exploited the way in which nodes respond to queries and involved the use of a token tied to network transaction costs.
- Chainlink confirmed the attack and described it as a “failed attempt” to spam the network.
- One node operator, Certus One, said they lost about 20 ETH.
- At least nine Chainlink node operators suffered an attack on Sunday that resulted in the draining of about - 700 ETH from their wallets, The Block has learned.
- The attack exploited the way in which nodes respond to queries and involved the use of a token tied to network transaction costs.
- Chainlink confirmed the attack and described it as a “failed attempt” to spam the network.
- One node operator, Certus One, said they lost about 20 ETH.
https://www.theblockcrypto.com/post/76986/chainlink-nodes-attack-eth
I don't know if you guys are aware that Chainlink was attack, as a result causing some node operator to lose a total of 700 ETH. The good thing is that it was caught right away and at least it didn't drain that much ETH as nodes keeps on refelling their wallets with ETH. Good job the the people behind the project, but this is another lesson that cyber threat actors are already watching from behind and are going to exploit it again if they found some vulnerabilities.
September 04, 2020, 07:55:14 PM
Do you think guys that this was the reason why Chainlink dumped too hard these last few days? Chainlink drops almost 40% from it's all-time-high price. It's too devastating for those people who bought Chainlink the peak, hoping it will do a parabolic move again.
But if you guys check the chart of Chainlink, it's kinda dropping again to another horizontal support.
[..snip..]
But if you guys check the chart of Chainlink, it's kinda dropping again to another horizontal support.
[..snip..]
Good buying opportunity again, for those who have missed the boat.
Seriously, it could be one parameters to look at, it's been pumping very aggressively for months now and a lot of investors jump on the bandwagon. But this kind of unfortunately news will likely have a negative effect. And yes, this is just the first shots fired by cyber criminals as they might be looking at others projects, specially that the Defi craze is really very high at this point.
September 04, 2020, 06:59:11 PM
I heard it somewhere in Twitter and its good that they prevented it as early as possible, but the hackers are indeed aggressive nowadays so its good to have a better developer. This is not a small amount though and I think this is one the reason of the dumped in the market, I also heard other exchange are got hacked recently.
September 04, 2020, 06:52:07 PM
Do you think guys that this was the reason why Chainlink dumped too hard these last few days? Chainlink drops almost 40% from it's all-time-high price. It's too devastating for those people who bought Chainlink the peak, hoping it will do a parabolic move again.
But if you guys check the chart of Chainlink, it's kinda dropping again to another horizontal support.
But if you guys check the chart of Chainlink, it's kinda dropping again to another horizontal support.
September 04, 2020, 06:45:00 PM
I heard about the Tor exit nodes being run by scammers on top of the Monero blockchain in the last days but this is a new information. It is getting weird how a supposed to be safe network to be vulnurable to such bugs causing alot of damage to the miners but not the project owners. There must be a solution, devs should implement them to prevent the losses from happening again in the future.
They patch up things according the article, but it was just a short solution for now. They really need to look at long term to avoid this kind of exploits, sure it's just 700 ETH? But still that is a huge amount of money and those nodes have already lost it. And I would agree that this will be the trend, so for those kind of projects that has been hype lately, they need to audit or hire some third party to audit their code and find the exploits before criminals do.
September 04, 2020, 06:41:49 PM
I wasn't aware of this attack that happened to Chainlink nodes. But kudos to the people who are behind to the defense, they did their job well done although sadly, there were still some losses on their side.
Serious projects like this are maintaining and monitoring if their nodes are secured. This is now the challenge that other projects must take into account if they are targeted next.
Serious projects like this are maintaining and monitoring if their nodes are secured. This is now the challenge that other projects must take into account if they are targeted next.
September 04, 2020, 06:10:26 PM
I heard about the Tor exit nodes being run by scammers on top of the Monero blockchain in the last days but this is a new information. It is getting weird how a supposed to be safe network to be vulnurable to such bugs causing alot of damage to the miners but not the project owners. There must be a solution, devs should implement them to prevent the losses from happening again in the future.
September 04, 2020, 06:09:54 PM
this attack is really expected for a popular project esp in DeFi area. as lots and lots of projects are trying to compete in the DeFi market, some will try to sabotage the most popular one. chainlink and other DeFi projects should be ready for what's to come. hackers will try and try to check the vulnerability of their platfom.
but thanks for this article, haven't seen this yet. first time to know that they were under attack. 700 eth is quite a hefty money but not too big if you are comparing it with their assets.
but thanks for this article, haven't seen this yet. first time to know that they were under attack. 700 eth is quite a hefty money but not too big if you are comparing it with their assets.
September 04, 2020, 06:03:08 PM
Chainlink nodes were targeted in an attack last weekend that cost them at least 700 ETH
https://www.theblockcrypto.com/post/76986/chainlink-nodes-attack-eth
I don't know if you guys are aware that Chainlink was attack, as a result causing some node operator to lose a total of 700 ETH. The good thing is that it was caught right away and at least it didn't drain that much ETH as nodes keeps on refelling their wallets with ETH. Good job the the people behind the project, but this is another lesson that cyber threat actors are already watching from behind and are going to exploit it again if they found some vulnerabilities.
Quote
Quick Take
- At least nine Chainlink node operators suffered an attack on Sunday that resulted in the draining of about - 700 ETH from their wallets, The Block has learned.
- The attack exploited the way in which nodes respond to queries and involved the use of a token tied to network transaction costs.
- Chainlink confirmed the attack and described it as a “failed attempt” to spam the network.
- One node operator, Certus One, said they lost about 20 ETH.
- At least nine Chainlink node operators suffered an attack on Sunday that resulted in the draining of about - 700 ETH from their wallets, The Block has learned.
- The attack exploited the way in which nodes respond to queries and involved the use of a token tied to network transaction costs.
- Chainlink confirmed the attack and described it as a “failed attempt” to spam the network.
- One node operator, Certus One, said they lost about 20 ETH.
https://www.theblockcrypto.com/post/76986/chainlink-nodes-attack-eth
I don't know if you guys are aware that Chainlink was attack, as a result causing some node operator to lose a total of 700 ETH. The good thing is that it was caught right away and at least it didn't drain that much ETH as nodes keeps on refelling their wallets with ETH. Good job the the people behind the project, but this is another lesson that cyber threat actors are already watching from behind and are going to exploit it again if they found some vulnerabilities.
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