VERDICT —OUT OF SCOPE
Root cause is infrastructure (DNS / cloud / database / third-party API) compromise, not on-chain contract logic. Pre-deployment source review would not surface this; coverage lives in cloud-security + supply-chain audit, separate discipline.
▰ METHOD
INFRASTRUCTURE
INFRASTRUCTURE
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
The attacker has a lot of computing power to launch a 51% attack. The interesting thing about the Coiledcoin attack is that it is not economically driven, but purely political. Although this move has caused some protests in the community, it shows how vulnerable the SHA-256 cryptocurrency with low hashing power is to attack. Attack method (per SlowMist): 51% attack. Reported loss: -.
Primary source
https://mp.weixin.qq.com/s/JIpys8Nbb3IT3f8pRIhzMQ ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Coiledcoin
- bug_class
- infrastructure
- date_occurred
- 2012-01-06
- loss_usd
- —
- source_id
- sm:coiledcoin::2012-01-06
Related — same bug class· infrastructure