.EthereumPoW took immediate steps to communicate the issue. The exploit did not affect the main Ethereum PoW network itself. By shauryamalwa
Developers of Ethereum PoW were alerted of the issues and immediately took steps to rectify the problem.
The replay exploit refers to the same transaction being duplicated on both chains when they’re not supposed to. Attackers used the Omni bridge of the Gnosis network to conduct the exploit. Some 200 weighted ether was transferred through the bridge on Saturday, and the same transaction was replayed on the PoW chain – resulting in the attacker gaining 200 ETHW, or approximately $1,600 at the time.
BlockSec warned that the issue might eventually cause the balance of the chain contract deployed on the PoW chain to “be drained.”that the attack exploited the contract vulnerability of the bridge, and not their blockchain itself.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum's Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and Hashpower – Bitcoin NewsA lot of people are unaware that there’s another Ethereum-based PoW fork called ethereumfair ($ETF) following Ethereum's Merge.
Read more »
These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake – Mining Bitcoin NewsSince ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32.
Read more »
Scam Alert: EthereumPoW (ETHW) Community Targeted by Twitter Scam CampaignMalefactors created numerous impersonating accounts to steal user data of ETHW community
Read more »
Bitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-Off Continues – Market Updates Bitcoin NewsEthereum continued to fall on Saturday, as the token’s post-Merge sell-off intensified to start the weekend.
Read more »