Ethereum Network Overcomes Malicious New Year’s Eve Attack

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The Ethereum Network was the target of a coordinated attack in recent days, affecting client platform Parity, which threatened to cause significant downtime.

Malicious Attack to Undermine Ethereum Network

The attack began on December 30 when invalid blocks were sent to the network, which caused node operators using the Parity client, which handles over $50 billion USD in assets and underpins some of the most ambitious projects on the Ethereum blockchain. The invalid blocks caused the node operators using the Parity client to lose sync with the network.

Sergio Demian Lerner, a cryptocurrency security …

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