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‘Roger Ver Will Cry,’ Mysterious Bitcoin Cash Attacker

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BitPico to Launch Attack on Bitcoin Cash

The anonymous development team on Thursday claimed to have brought its malicious nodes onto the Bitcoin Cash mainnet, starting a “stress test” against the 4th-largest cryptocurrency.

That announcement came roughly a week after the group emerged from a several-month hiatus to announce that they were in the final stages of testing for that attack, which they boasted would splinter the BCH network.

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In a statement explaining the attack, BitPico claimed that the Bitcoin Cash was centralized, leaving it vulnerable to a malicious miner such as itself.

“There are only a handful of mining pools and not enough nodes to enforce network rules; isolating majority of these nodes allows us to utilize our own nodes to withhold blocks and/or headers, reject blocks and/or headers, purposefully fail to relay block’s and/or headers and so on.”

Should Bitcoin Cash supporters be worried? That depends on who you talk to, as many observers aren’t sure whether BitPico is a white hat hacker, a black hat hacker, or — to be frank — even a hacker at all.

White Hat, Black Hat, or Just a Troll?

BitPico, you see, has a messy and weird history. The organization first appeared during the debate over controversial scaling proposal SegWit2x. After that proposal’s backers called it off due to lack of community consensus, BitPico said that it would activate the hard fork anyway, boasting that it controlled 30 % of the network hashrate. That, did not happen, and BitPico went dormant for several months.

The group emerged once more in March 2018 to claim responsibility for a large denial-of-service (DoS) attack directed at the Bitcoin Lighting Network (LN) shortly after its beta launch. The DoS attack was real enough, but there was small evidence that BitPico was indeed the group behind it.

Time will tell whether the group’s boasts are fully-backed by actions or mere bluster. According to their timeline, we’ll know in less than six weeks.

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