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+--- Thread: Verge Currency Hacked (/Thread-Verge-Currency-Hacked)
Verge Currency Hacked - mothered - 04-06-2018
Greetings to all,
Not a very good year thus far for cryptocurrency, this time It's Verge Currency who's made headlines.
Quote:Verge Currency (XVG) has been hacked and to deal with the attack the company is implementing a fork in the code.
Due to several bugs in the XVG code, you can exploit this feature by mining blocks with a spoofed timestamp. When you submit a mined block (as a malicious miner or pool) you simply set a false timestamp to this block one hour ago and XVG will then “think” the last block mined on that algo was one hour ago.. Your next block, the subsequent block will then have the correct time.. And since it’s already an hour ago (at least that is what the network thinks) it will allow this block to be added to the main chain as well.
No wonder Twitter has banned all crypto promotions.
This is just the latest hack in a long line of crypto platforms that have flaws in their code.
Source.
And In another article:
Quote:Notably, the verge chain was attacked yesterday, with the hacker reportedly making off with $1 million-worth of tokens. The issue was first brought to notice by a user named "ocminer" on the Bitcoin Talk forum.
Source.
RE: Verge Currency Hacked - FunkyG - 04-06-2018
It's really not going great for cryptocurrencies this year.
Bitcoin is getting hits after hits, its really not looking good.
And now verge, whats next? I hope its going to go good in the foreseeable future.
RE: Verge Currency Hacked - Kid - 04-06-2018
To be honest, I think this year or 2019 the cryptos may be dead. Not sure about that. As FunkyG said this year is really not that good for the cryptocurrencies.
RE: Verge Currency Hacked - mothered - 04-06-2018
(04-06-2018, 08:57 AM)FunkyG Wrote: And now verge, whats next?
That remains to be seen.
I'm eagerly awaiting to read yet another hit.