What Are the Economic Consequences of a Successful Collision Attack on a Major Cryptocurrency?

A successful collision attack on a major cryptocurrency would have devastating economic consequences. It would immediately shatter the trust in the currency's security, leading to a massive crisis of confidence among investors and users.

The price of the cryptocurrency would plummet as people rush to sell their holdings. Exchanges would likely halt trading of the compromised currency, and it could be delisted altogether.

The attack would also have a ripple effect across the entire cryptocurrency market, potentially triggering a broader market crash. The long-term reputational damage could be irreparable, leading to the ultimate demise of the affected cryptocurrency.