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this post was submitted on 25 Jul 2024
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Monero
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This attack highlighted several issues that have been addressed. The biggest issue was wallets not automatically raising the default fee which led to transactions getting stuck for hours. Without the bug, you would have paid 2 cents instead of 0.5 for a transaction and it would have been confirmed at regular speed.
What you're saying is it's a legitimate attack at the time of executing pre-new build that fixes the bug? Not a fake and they could've really made money exploiting it in badly coded illegal markets? Thanks for clarify
They made money through extortion, not by draining any wallets due to spam. There was spam and it did delay transactions for regular users due to existing wallet bugs that are now fixed. I can't really comment on badly coded markets, I assume they somehow broke their payment systems because they didn't account for long delays when receiving coins or also had the fee selection bug.
I'm seriously getting confused here sorry how didn't they make money with the attack but through extortion? Did they break payment systems with monero slowdown or they slowed down monero and extorted money or they extorted money not to attack the monero network? I cant find what you're referencing to
If they were able to use it as attack doesn't that make it actionable and jet who commented wrong?
I was wrong, I didn't consider that their attack could drain badly coded DNM wallets by double-spending withdraw transactions.