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Market News

Io.net Battles Cyberattack, Responds Quickly

Written By:
Iyiola Adrian

Last updated: April 29, 2024 4:05 PM
Published 2024-04-28
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Last updated: April 29, 2024 4:05 PM
Published 2024-04-28
Io.net Battles Cyberattack, Responds Quickly

Io.net recently fell victim to a cybersecurity breach. According to reports, the attack was first detected early on April 25th when Io.net’s security systems spotted suspicious activity involving changes being made to GPU metadata. Io.net’s head of security, Husky.io, rapidly implemented new security measures to protect the network.

https://twitter.com/0xhushky/status/1784390826518577330

While the hackers could manipulate some device data, they were blocked from accessing the actual GPU hardware thanks to Io.net’s multilayered security permissions. The main security upgrades included scans, enhanced logging of unauthorized access attempts, and switching to stronger user authentication methods.

In the aftermath, an issue with Io.net’s rewards program coincided with the breach, causing a temporary drop from 600,000 to just 10,000 active GPU connections. However, Io.net has already launched a new rewards program to encourage more device owners to participate as it works to upgrade and reconnect systems.

Also Read: Uniswap Launches Mobile App with Blast Integration

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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