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Home » io.net’s response to the attack incident: Coin issuance unaffected, second round reward program to launch as scheduled on 5/1.
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io.net’s response to the attack incident: Coin issuance unaffected, second round reward program to launch as scheduled on 5/1.

Apr. 29, 2024No Comments2 Mins Read
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io.net's response to the attack incident: Coin issuance unaffected, second round reward program to launch as scheduled on 5/1.
io.net's response to the attack incident: Coin issuance unaffected, second round reward program to launch as scheduled on 5/1.
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The CEO of the decentralized AI computing resource platform io.net, Ahmad Shadid, responded to the recent incident of false GPU data on the platform. The incident was caused by attackers forging a large amount of false GPU information to deceive rewards, and the security measures taken by the team to identify real users also resulted in potential impact on the first round of user rewards.

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Decentralized GPU rental platform io.net introduced, targeting the AI computing market
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io.net releases incident report
io.net reward program unaffected
io.net releases incident report
Some critics have questioned the actual number of usable GPUs on the platform, which does not match the official promotion. Ahmad Shadid explained in a tweet on the 29th that io.net has been under constant cyber attacks in the past few days, with users attempting to forge GPU information to exchange for rewards. He said:

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Ten days ago, we discovered that approximately 1.8 million virtual GPUs were attempting to connect to the io.net network. The team immediately started to identify and block these devices, and it took us several days to distinguish between real and virtual GPUs. io.net’s measures included adding firewalls, but this also required some users to restart and update their clients to rejoin the network, further temporarily reducing the GPU supply on the io.net platform.

In fact, io.net emphasized on the 18th that virtual GPUs would be excluded, but malicious actors continued to try new methods, leading to this incident.

io.net reward program unaffected
Unfortunately, this security update coincided with the snapshot of the first round of the reward program. Not only were some legitimate users providing GPUs affected, but GPUs that were not restarted or updated also couldn’t access the normal runtime API, resulting in a significant drop in active GPU connections from 600,000 to 10,000.

Ahmad Shadid explicitly stated that this attack will not affect io.net’s development plans. The second round of the reward program will still be launched from May 1st to May 30th, and IO Cloud v2 and IO tokens will be released as scheduled.

Ahmad Shadid
GPU
io.net

Related Reading
Decentralized GPU rental platform io.net introduced, targeting the AI computing market
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