Ahmad Shadid, the CEO of decentralized computing provider io.net, has responded to critics who had questioned the number of GPUs actually available on the platform with a detailed post-mortem claiming that the network had been attacked by users working in in return tried to spoof GPU availability. for future rewards.
“Like many startups, we move fast and sometimes we break things. In this case, something broke, and someone or a group tried to take advantage of it,” Shadid says in his article. after on X.
Shadid explained how the company became aware that users were increasingly spoofing GPUs to obtain rewards from the network in what Shadid characterized as a Sybil attack, or an attack on a network’s nodes. “Ten days ago, we saw a massive spike of approximately 1.8 million fake GPUs trying to connect to the network, and our team prioritized identifying and blocking these devices,” Shadid explains.
Over the course of the “multi-day cat-and-mouse game,” as io.net tried to distinguish genuine devices from counterfeit devices, several short-term problems arose, Shadid explained. However, following the resolution of the issue, Shadid claims that the network infrastructure is now fully operational, although GPU supply may temporarily decrease as partners rejoin the network.
Shadid was clear that the attack had no impact on io.net’s development plans. “We are launching a second supplier rewards program running from May 1 to 30, and I encourage all suppliers to reach out and talk to our team,” Shadid wrote, before adding: “We are still on track to release IO Cloud v2 and $IO Coin: We won’t let these bumps in the road slow us down.”
Io.net executives are trying to destroy FUD
Questions about the protocol’s legitimacy were raised this weekend by users on X, most notably Martin Shkreli, who reported seemingly disparate numbers of GPUs available on io.net.
In response, several company executives tried to quash the rumors on the site, including the company’s chief security officer, pseudonymously known as Hushky, and chief technical officer Gaurav Sharma publishing reports of an attack on April 25. Hushky admitted“We blew it,” but insisted: “Despite all the problems, the network is still delivering tens of thousands of compute hours per month and it’s still growing. It’s still early and there will still be bumps in the road.”
Regarding Shkreli, Hushky hinted that the controversial figure may have had ulterior motives for attacking io.net. “I rightly believe we are causing collateral damage in a personal situation,” Hushky wrote in response to a post claiming Shkreli could soon launch a competing product.
Io.net and Martin Shkreli did not immediately respond to a request for further comment.
