TRON’s Founder Revealed An Unsuccessful Attack On The Network

Justin Sun, TRON’s founder revealed an unsuccessful attack on the network but said that all of the users’ funds are SAFU so let’s read more in today’s Tron news.

An unknown actor has unsuccessfully attacked Tron’s network during the mainnet upgrade as Justin Sun revealed. The foundation plans to shield TRX, BTT, SUN, and JST investors and also claimed that all of the users’ funds are safe. One of the most popular blockchain projects TRON, underwent an attack by a malicious contract earlier today as TRON’s founder revealed. Sun detailed in a recent rewet and reassured the users and developers of the system that all of the funds are safe. Tron’s founder and CEO wrote on Twitter and explained what transpired on the network by saying that during a routine 4.1 version upgrade period, the mainnet was attacked by a malicious contract.

(2/5) This attack uses the authority granted to the contract developer. The attacker initiated malicious transactions and caused the Super representative to suspend the production of blocks.

— Justin Sun🌞 (@justinsuntron) November 2, 2020

Sun claimed that the attacker exploded the authority granted to the contract developer and the attack initiated malicious transactions and prompted the super representative to suspend the block production. The so-called super representatives play a huge role in the TRON ecosystem by ensuring functions as block generation and bookkeeping. They are the token holders that obtain corresponding earnings as well. the network “gradually resumed block production” about two hours later and returned to normal after one hour. Sun reassured that the data on the chain remains intact and that the user assets are safe.

According to Sun, withstanding this attack prove that the company’s network is most resilient in the entire industry. As reported a few weeks back, the prominent crypto exchange OKEx suspended the withdrawals after the news broke of its founder being taken away by the police and hasn’t returned yet. The exchange said that the funds are safe but customers were unable to obtain them. the Tron Foundation decided to take a stand after receiving “a great number of requests from holders of TRX, BTT, and SUN expecting to withdraw tokens on OKEx.”

Sun and his team will “do its best to permanently recognize and honor TRON tokens at 1:1 on OKEX” which means that the foundation will compensate the investors with its own capital in the worst-case scenario in which they are unable to access their tokens. The post clarified that this decision marked the endeavor to revive the industry from inside and had nothing to do with OKEx itself.