An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Blockchain Attacks
What are Blockchain Network Attacks?
Blockchain attacks refer to various methods used to disrupt the normal functioning of a blockchain network. These can include: Double-spending: occurs when a malicious user can spend the same digital currency or token more than once. 51% attack: In this attack, a group of malicious actors controls more than 50% of the computing power on a blockchain network, allowing them to control the network's consensus mechanism and potentially reverse or alter past transactions. Sybil attack: Here, a malicious user creates…
Block Education
@BlockEducation
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