The founder of Tron reveals a malicious attack targeting the Tron network … Details here
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Answer The founder of Tron reveals a malicious attack targeting the Tron network … Details here
Tron Network, one of the popular blockchain projects in the crypto arena, was hit by a malicious attack earlier yesterday.
The incident and the attack on the Tron network was reported by Tron founder Justin Sun, who revealed the details in the form of a group of tweets, assuring users also that all their money is safe.
Attack on the Tron Blockchain:
The founder and CEO of Tron presented on Twitter Explain what happened from the network attack.
He said that during the period of the network upgrade to version 4.1 in a routine update, during which the main network was attacked by a malicious contract dated 2020.11.02 at 06:14 (HKT).
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He told Sun that the attacker exceeded the authority granted to the contract developer.
This unknown attacker initiated malicious transactions, which led to the suspension of mass production.
(2/5) This attack uses the permissions granted to the contract developer. The attacker initiated malicious transactions and caused Super Representative to suspend block production.
– Justin Son 🌞 (@justinsuntron) November 2, 2020
Tron representatives played a prominent role in countering this attack by guaranteeing functions such as block generation and transaction bookkeeping, in exchange for rewards in the TRX coin.
Tron network gradually resumed block production after about two hours, after which the network returned to normal.
Sun reassured that the data on the network was still intact and that users’ assets were safe.
According to the Tron founder, countering this attack has proven that the Tron network is the most resilient in the blockchain industry.
Tron cooperation and solidarity with the OKEx platform:
As previously mentioned on Arab Bitcoin, prominent cryptocurrency exchange OKEx suspended withdrawals after news that its founder is under investigation with police officers and has not yet returned.
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OKEx said the funds are safe, but customers haven’t been able to get their crypto yet.
The Tron Foundation decided to take a stand after receiving a large number of requests from holders of Tron coins, and these digital coins are:
TRX, BTT, JST and SUN.
As the holders of the aforementioned Tron coins expect to withdraw their cryptocurrency from OKEx.
According to the management of the Tron Foundation, Jason Sun and his team will do their best to recover users’ Tron coins from OKEx.
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It is expected, as indicated the post That the Tron Foundation will compensate investors with its own capital in the worst-case scenario in which they cannot access their cryptocurrency.
The post clarified that this decision is an effort to revive the industry from within and has nothing to do with the OKEx platform itself.
In addition, the Tron Foundation has pledged to continue supporting the OKEx platform.
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