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Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network
The proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchain reorganization attack.
Firo Team Clarified the Attack Cannot Be Attributed to a ‘Coding Error’
According to a series of tweets published by Firo, the attacker breached the protocol on January 19, and they are working to restore operations. However, the Firo team clarified that the 51% mining attack is not the result of “a coding error but [the] nature of PoW.”
One of the first reports about the attack came from the Binance CEO, Changpeng Zhao, who said: ....

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