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Alleged hackers attempt to attack the Tron ecosystem according to CEO

Alleged hackers attempt to attack the Tron ecosystem according to CEO

QuickTake

1 minute read

  • Earlier this week, Justin Sun indicated a large-scale attack has occurred on the TRON mainnet. 
  • The CEO said that the attack occurred during the 4.1 version upgrade period but also suggested that the community efforts in responding to the incident helped to return operations to normal before any serious damage was done.

Earlier this week, the founder and CEO of Tron, Justin Sun indicated a large-scale attack has occurred on the TRON mainnet. Writing in a thread on Twitter, the CEO said that the attack occurred during the 4.1 version upgrade period but also suggested that the community efforts in responding to the incident helped to return operations to normal before any serious damage was done.

For many years now, the ecosystem of Tron has been able to pride itself as being one of the busiest blockchain networks in the world but according to the CEO, it was attacked by a malicious contract earlier this week on the 2nd of November.

The founder believes that the aim of this attack was to profit from the suspension of block production.

Justin went on to talk about how the attack was executed as he indicated it was carried out using the authority granted to contract developers with the attacker being able to trigger malicious transactions which pours the production of blocks on the ecosystem.

Fortunately, this attack was not a successful one and the team at Tron were able to quickly notice the malicious activity and recognise what could have happened if they were to continue.

The CEO made it clear that the “data on the chain remains intact and user assets are absolutely safe“.

For more news on this and other crypto updates, keep it with CryptoDaily!

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