The ETHPoW network suffered a replay attack right after the hard fork. The attacker managed to get 200 ETHW.
Ethereum’s fork ETHPoW, intended to preserve mining capabilities after the mainnet switched to PoS, was exposed to an exploit right after it was created. This was reported by BlockSec.
According to BlockSec analysts, the attack was made possible because “the Omni bridge doesn’t correctly verify the actual chainId.” As a result, the attacker obtained an additional 200 ETHW. Representatives from the anonymous community ETHW Core said that the hacker exploited a vulnerability in the Omni bridge smart contract, with the ETHPoW blockchain remaining secure.
However, the community responded to the event. Immediately after the information about the attack was made public, the price of ETHW halved. It’s worth noting that the token began to fall rapidly after Ethereum’s consensus algorithm changed to Proof-of-Stake. ETHW has already lost 87% of its value over the past four days. So, based on CoinMarketCap data as of 13:00 (GMT+3) on September 19, ETHW is $5.
Despite the failures of the hard fork, major mining pools are ready to support ETHW token mining. Thus, reps from F2Pool, the second-largest Ethereum mining pool, stated their intention to redirect the remaining ETH pool hash rate to ETHW mining. Plans to launch ETHW mining pools have also been announced by industry majors such as Antpool and Poolin.
Recall that the ETHPoW hard fork was launched right after The Merge and now has only nine active nodes.
