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April 5, 2018 03:02 pm GMT
Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/rBlFtNUKqQQ/
Verge cryptocurrency hack shows, no, blockchain isn't invincible
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. Read more...
More about Bitcoin, Hack, Cryptocurrency, Verge, and ElectroneumOriginal Link: http://feeds.mashable.com/~r/mashable/tech/~3/rBlFtNUKqQQ/
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