Hacker steals coins from cryptocurrency Verge with a '51 percent' attack

  1 year ago

Privacy-oriented cryptocurrency Verge (symbol: XVG) was apparently hacked Wednesday, with the attacker making off with around 250,000 coins with a value of roughly $15,000 (though some reports go as high as $1 million).

Compared to some recent crypto-related hacks, this attack was particularly nasty as it compromised the integrity of Verge's blockchain.

The attack was discovered by ocminer, a poster on Bitcointalk forums (via Bitcoin.com), on Wednesday afternoon. According to him, a hacker used "several bugs" in Verge's code to mine an extraordinarily large number of new blocks in Verge's blockchain, thus rewarding himself with a lot of Verge coins.

source: https://mashable.com/2018/04/05/verge-crypto-hack/#_.hNdzkz0iqp

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