Shift

Shift (SHIFT) experiences a 51% attack in August 2016

August 27, 2016
Attack Types: 
51%
Entity Types: 
Blockchain
Target Entities: 
Shift

Summary # Shift, a blockchain project focused on decentralized web hosting, was hit by a 51% attack in late August 2016. The attackers were able to take control of more than half of the network’s mining power, enabling them to reorganize the blockchain and carry out double-spending attacks. Attackers # The identities of the attackers remain unknown. Losses # The exact amount of losses in the Shift 51% attack is not clear. ...