Skip to main content

Litecoin Suffers Denial-of-Service Attack Due To Network Bug — Details

According to the latest report, major Litecoin mining pools were hit by a Denial-of-Service (DOS) attack this weekend due to a zero-day vulnerability in the network. The Litecoin Foundation confirmed that the bug has been patched and the network is fully operational.

Litecoin Attacker Attempts Double-Spend Exploits On Cross-Chain Protocols

On Saturday, April 25, the Litecoin Foundation reported in a post on the X platform that a Denial-of-Service attack occurred on its network. According to the foundation, this exploit, enabled by a zero-day bug in the network’s MimbleWimble Extension Block (MWEB) privacy layer, allowed the bad actor to attempt double-spends against cross-chain swap protocols.

The foundation explained that the vulnerability allowed non-updated mining nodes to facilitate an invalid MWEB transaction, which enabled individuals to peg out coins to third-party decentralized exchanges. This DOS attack caused a disruption to the normal operations of major mining pools, the post-mortem report read.

The Litecoin Foundation noted that the attack was mitigated through a 13-block reorganization (reorg), which reversed the invalid transactions and prevented them from being added to the blockchain. “All valid transactions during that period remain unaffected,” the foundation further clarified.

It is worth noting that the Litecoin Foundation didn’t identify any affected pools and didn’t specify the value of the invalid MWEB transactions created. Meanwhile, this incident comes at a time when blockchain insecurity has been rife, with the industry still reeling from the recent Kelp DAO attack.

Aurora Labs CEO: Zero-Day Or Inside Job?

Aurora Labs CEO Alex Shevchenko, who caught the Litecoin attack early, suggested that the DOS exploit had the markings of an inside job. According to the crypto founder, the attacker planned to swap LTC into ETH on a recently funded address, suggesting the exploiter knew about the bug from the outset.

Hence, the Aurora Labs CEO thinks prior knowledge defeats the whole idea of a “zero-day buy,” which means a software vulnerability unknown to the creator or the public. Shevchenko explained that the DOS attack involved putting nodes down to decrease the hashrate and was a way to exploit the buy.

Shevchenko wrote on X:

The fact that protocol automatically handled the reorg once DoS stopped (which is great) means that some portion of the hashrate was actually running an updated code. Thus, this bug was known and it’s not a zero-day.

As of this writing, the price of LTC is around $55.92, with no significant change over the past 24 hours. Despite the FUD (fear, uncertainty, and doubt) surrounding news of this DOS attack, the altcoin dropped by about 1.2% on the day.

Litecoin



from Bitcoinist.com https://ift.tt/2blP4qf
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin Goes Official: Texas Becomes 1st US State With BTC Reserve

Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications. Texas became the first US state to establish a crypto reserve . On March 7, 2025, legislators passed Senate Bill 21, which gives the green light to the state to direct public funds toward Bitcoin and other digital assets. The action has elicited both support and concern, with some viewing it as a prudent financial hedge and others warning of potential pitfalls. A Push For Bitcoin In The Lone Star State For months, Texas has been seeing increasing favor for the idea of a Bitcoin reserve. Senator Charles Schwertner introduced SB 778, a measure that proposes establishing a strategic stockpile. Including the top crypto asset into the state’s financial reserves was meant to help cushion inflation and economic uncertainty. Texas officials, especially Lieutenant Governor Dan Patrick, wh...
Post a Comment
Read more

Liczba milionerów kryptowalutowych wzrosła o 40%. Rynek przekracza 3,3 biliona dolarów

Rozwój rynku kryptowalut widać również bo liczbie osób, których portfel kryptowalutowy przekroczył milion dolarów. Według najnowszego raportu Henley & Partners, liczba inwestorów posiadających majątek przekraczający milion dolarów w cyfrowych aktywach wzrosła o 40% w ciągu ostatniego roku. Aktualnie na świecie jest już 241 700 milionerów, jeśli chodzi o waluty cyfrowe. Wzrost ten zbiegł się z historycznym momentem, gdyż w połowie 2025 roku kapitalizacja całego rynku kryptowalut przekroczyła 3,3 biliona dolarów . Bitcoin wciąż liderem wzrostów Największy udział w tworzeniu nowych fortun ma niezmiennie Bitcoin. Liczba posiadaczy portfeli BTC, których wartość przekracza milion dolarów, wzrosła aż o 70% rok do roku i wynosi dziś 145 100 . Jeszcze bardziej imponująco wygląda grupa tzw. Centymilionerów, czyli inwestorów posiadających ponad 100 milionów dolarów w Bitcoinie. Ich liczba wzrosła o 63% , osiągając poziom 254 osób. Co więcej, liczba miliarderów BTC podskoczyła do 17, notu...
Post a Comment
Read more

Slow And Steady Wins? Bitcoin To Hit $1M Via ‘Pump’ And ‘Consolidate’ Pattern: Expert

The bull cycle was deemed over when the price of Bitcoin tragically fell toward $75,000 earlier in March 2025. Having notched an all-time high of above $100,000, most investors feared that the premier cryptocurrency had already reached its top for the current cycle. Contrary to popular belief, the price of Bitcoin has since forged multiple new all-time highs, with the current record high at around $122,800. Interestingly, the now-popular market consensus is that it is only a matter of time before the BTC price reaches a seven-figure valuation. How Will Bitcoin Hit $1 Million In 10 Years? In a recent post on the X platform, Blockware Bitcoin analyst Mitchell Askew has joined a growing list of experts to put forward a $1 million projection for the premier cryptocurrency. According to the analyst, the price of BTC is expected to achieve this major milestone over the next 10 years. What’s interesting is that Askew expects the Bitcoin price to reach a $1 million valuation in the next ...
Post a Comment
Read more