The British cryptocurrency startup Electroneum, an application for mining on smartphones, underwent a DDoS attack after raising $ 40 million during the ICO. This is reported by Cointelegraph.
The accounts of 140 000 participants in the ICO campaign are blocked due to a huge flow of malicious traffic from the botnet. Probably, the fact that the project was the focus of attention among hackers, there is a certain proportion of the fault of the Electroneum team.
Football manager Harry Redknapp actively promoted the startup on Twitter, although he admitted that he didn’t know how to work a computer, and never sent a text message.
Some users have already expressed dissatisfaction with the fact that security measures were not taken before the official release. Others are indignant that with the 40 million budget the problems should be solved much faster than the developers of the project do.
Just stop tweeting about coffee mugs, numerous delays and other useless info and hire some talented devs. You got 40 millies remember
— Cryptoinfogirl (@cryptoinfogirl) 8 ноября 2017 г.
Nevertheless, not having achieved notable successes, Electroneum team went to bed safely, promising to return soon to the solution of the problem.
Sorry to say another day whizzes past without it live - sent home team for some sleep. Start again at 7am. Again, huge apologies for delay.
— electroneum (@electroneum) 7 ноября 2017 г.
It looks like that Electroneum team got some real nice rest and they started to work with IT security professionals.
— electroneum (@electroneum) 8 ноября 2017 г.
We’ve enagaged the services of a security agency that works for the US Department of Defense as well as Coinbase, Spotify, Uber, Blockchain and dozens more top tech companies. We have agreed terms with Hackerone (Hackerone.com) in San Francisco, one of the world’s top security and vulnerability testing experts. Hackerone are to carry out vulnerability and and penetration testing of our platform before launch. The indicated testing timescales are three to four weeks.
Electroneum token is on the 30th place at Coinmarketcap rate. It lost about 10% in last 24 hours.
Electroneum price chart
At the moment of press, average ETN price is $0.044717 with $228,727,405 marketcap.