Krypton abandons Ethereum-based blockchain after 51% attack, switches to Bitcoin

Last month, the Krypton blockchain was attacked twice by an anonymous group known as the 51 crew employing the 51% attack, the hackers were able to steal 21,465 KR.



Krypton team has decided on the following temporary course of action in order to protect KR from being stolen from exchanges through a double spend: Krypton is moving KR from an Ethereum-based proof-of-stake blockchain to a Bitcoin-based proof-of-work blockchain.



The two coin exchanges where KR trades, Bittrex and Yobit, have been contacted regarding Krypton’s upcoming coin swap. Because Krypton is moving to an entirely different protocol, the team cannot make this fix an easy upgrade and therefore must digitally swap KR on the old chain for KR on the new one.