Overview of Recent Ethereum Attacks; Impact on the Network

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overview-of-recent-ethereum-attacks1The Ethereum network has experienced several high severity issues over the past week that have weakened the overall security of the network at certain times. This is an overview of recent Ethereum attacks and their impact on the network.

It all started with a security alert from the Ethereum Foundation which explicitly stated that the network’s geth nodes began to crash due to an out of memory bug. The high severity issue caused the Ethereum hashrate to drop by 50 percent before a solution was implemented.

Ethereum Classic remained unaffected, and Ethereum developers immediately released an update as a short-term solution which failed to mitigate the damage caused by the geth node crash. Developers warned miners to switch to parity, the other Ethereum client to prevent geth nodes from being affected by the bug.

Four days after, the

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