ICO mobile mining app startup is under DDoS

Electroneum, a mobile mining app got under big DDoS attack
09 November 2017   1436

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.

Nevertheless, not having achieved notable successes, Electroneum team went to bed safely, promising to return soon to the solution of the problem.

It looks like that Electroneum team got some real nice rest and they started to work with IT security professionals.

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 Team

Electroneum token is on the 30th place at Coinmarketcap rate. It lost about 10% in last 24 hours.

Electroneum price chart
Electroneum price chart

At the moment of press, average ETN price is $0.044717 with $228,727,405 marketcap.

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Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   168

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.