4 ms·

Yes the attack was a loophole in the algorithm not the blockchain itself.

• phire 4y ago
  Yes, but the (alleged) attack on the algorithm would have happened on blockchain, and would have been recorded as transactions in the blocks. Ironically, some attacks on blockchains themselves (like 51% attacks) are actually harder to analyze, because part of the evidence lives in blocks that were deliberately orphined from the blockchain, and the p2p network doesn't have any incentive to share those blocks. I've analyzed such attacks and you actually have to examine the caches and logs of nodes that were running at the time to find evidence.
  • cuteboy19 4y ago
    The (nonexistent) attack could have been conducted over exchanges though
    • phire 4y ago
      It requires taking out loans from Anchor Protocol (on the chain) and using the UST to LUNA seignorage mechanism (also on the chain)