Clarification Regarding the February 51% Attack on Stohn Coin

Dear Stohn Coin Community and Partners,

We would like to address the recent statement made by Azbit concerning the 51% attack that occurred on the Stohn Coin (SOH) blockchain in February. It is important to provide clarity and correct any misunderstandings related to this event.

What Happened?

In February, the Stohn Coin network was subject to a 51% attack, where a malicious actor gained temporary control over more than 50% of the network’s mining power. This led to unauthorized transactions and issues within the network. Such attacks, though rare, are known risks in the blockchain industry and can affect any decentralized network.

Our Response and Compensation

Immediately following the attack, our team took swift action to address the vulnerabilities and secure the network. We implemented critical updates in version 3.1, including:

1. Max Future Block Time Adjustment for Enhanced Synchronization: Ensuring strict adherence to time synchronization to prevent manipulation.
2. Strengthening Chain Security with Max Reorganization Depth: Limiting block reorganizations to protect the blockchain’s integrity.

Additionally, we recognized the impact of the attack on our users and partners. To mitigate this, we created a compensation fund and provided financial restitution to those affected. This fund was established at the time of the update, six months ago, to ensure that our community was supported during the recovery process.

Addressing Azbit’s Claims

Azbit’s statement suggests that their current issues are related to the 51% attack and implies negligence on our part. We would like to clarify:

• Compensation Was Provided: We did compensate for losses related to the attack at the time, using the fund established specifically for this purpose. However, this compensation was limited to those who reported losses within the specified timeframe following the update six months ago.
• Unclear Connection to Recent Issues: Azbit has not shared any investigation or evidence with us to confirm that their current issues stem from the 51% attack that occurred six months ago or now. Without such information, it is difficult to determine whether their situation is connected to that past event or is due to other factors.
• Ongoing Commitment: The updates made in version 3.1 have successfully prevented further attacks, and the Stohn Coin network remains secure. We continue to monitor and improve the network’s security to protect our users and partners.

Conclusion

We advise our users and partners to base their decisions on accurate and timely information. The Stohn Coin team remains committed to transparency and security, and we encourage open communication to resolve any concerns. If Azbit or any other party has further evidence or questions, we welcome their collaboration to address the situation effectively.

Thank you for your continued trust and support.

Best regards,

The Stohn Coin Team