FTC users lose millions after a 51% attack

Summary # In May 2013, Feathercoin was attacked by a 51% attack that resulted in the loss of millions of dollars. The attack was carried out by an attacker who was able to gain control of more than 51% of the network’s computing power. The attack lasted for several days, during which the attacker was able to reverse transactions that had been completed while they were in control. The attacker was able to reverse transactions and double-spend coins, resulting in a significant loss for Feathercoin users. ...