Firo anonymous cryptocurrency network attacked 51%

by in Cryptocurrency News

51% attack

The anonymous crypto network Firo (previously known as Zcoin) has been hit by a 51% attack.

The Firo team is currently negotiating with exchanges and pools. Users are strongly advised not to make transactions on the Firo network.

The developers also told about the testing a solution "that could have stopped the attack, but it was several weeks before its deployment."

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The coin's price has dropped by about 17% in the last 24 hours. Firo recently launched a new protocol on the mainnet to improve anonymity called Lelantus.

Last November, the anonymous crypto Grin was attacked by 51%.