Digital Asset
Intelligence
Security Incident · Blockchain

Coiledcoin 51% attack

·Historical incident record

Incident Overview

The attacker has a lot of computing power to launch a 51% attack. The interesting thing about the Coiledcoin attack is that it is not economically driven, but purely political. Although this move has caused some protests in the community, it shows how vulnerable the SHA-256 cryptocurrency with low hashing power is to attack.

Sources & References

Original incident referencehttps://mp.weixin.qq.com/s/JIpys8Nbb3IT3f8pRIhzMQ (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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