Miners’ Hope ETHPoW (ETHW) Hacked: Nearly 50 Percent Loss in Value

Ethereum PoW (ETHPoW), the fork of Ethereum based on the Proof of Work (PoW) system, has been hacked. After the attack, ETHW lost nearly 50 percent of its value.

Blockchain security and audit company BlockSec September 18 on his social media account in his statementto the attackers’ ETHPoW network. replay announced the attack.

BlockSec, attackers Proof of Stake (PoS) based on on the main Ethereum network their transaction data on the ETHPoW network by replaying He said they did the same thing twice. The company identified the true identity of the bridge between the two networks, the cross-network message, of the vulnerability that caused the attack. unable to verify stated that.

In the statement, the attackers gnosis your network omni from the bridge 200 WETH transfers the data of the same transaction and then ETHPoW playing on your network 200 ETHW reportedly obtained. In addition, the attack took place only on Gnosis and at the network level a problem though it is not included in the statements.

Co-founder of the gnosis network Martin Koppelmann about the topic made the following statements:

The Gnosis network or the Omni bridge was not affected by the attack, we do not support the ETHPoW network and do not consider ourselves responsible for attacks on this network. However, we will suggest a daily limit to the bridge management to prevent the continuation of the attacks.

According to Coinecko data, ETHPoW after the attack 8.24 from dollars 4.17 falling to the dollar 49.39% lost value.


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