Krypton

Krypton (KR) suffers a 51% attack in August 2016

August 23, 2016
Attack Types: 
51%
Entity Types: 
Blockchain
Target Entities: 
Krypton

Summary # Krypton, an Ethereum-based blockchain, experienced a 51% attack in August 2016. The attackers were able to control more than half of the network’s hash rate, enabling them to manipulate the blockchain and double-spend KR tokens. Attackers # The identity of the attackers remains unknown. Losses # It was reported that the attackers managed to steal approximately 21,465 KR tokens, which had a value of about $3,000 at the time of the attack. ...