Cardano Faces DDoS Attack Amidst ETF Speculations, ADA Nears $100

Cardano, a prominent blockchain platform, recently faced a DDoS attack aimed at stealing staked tokens. The attack, which began at block 10,487,530, involved each transaction executing 194 smart contracts and cost the attacker 0.9 ADA per transaction. Despite the attack, it was unsuccessful in its objective. Insiders suggest that BlackRock's IT team might be stress-testing the protocol using an address linked to Kraken, potentially as a prelude to major support for an upcoming Cardano ETF approval. This development comes as Cardano's ADA token is on the brink of reaching $100.