Verge
Advertisment

The cryptocurrency Verge (XVG) has again fallen victim to a hacker attack. Within just a few hours, 35 million XVGs were stolen, currently worth nearly $ 1.75 million.

Already last month, there was a hacking attack on Verge, in which a significant number of XVG were stolen. Although Verge has fixed the vulnerability thereupon, but only provisionally.

Now hackers have struck again, stealing 35 million XVGs. Used in both attacks was a vulnerability that allowed hackers to generate a large number of blocks per minute. Both attacks used almost the same technique, but the second time two algorithms were used to gain control of the Verge chain.

Verge himself speaks of a distributed denial-of-service attack in the attack and says nothing about XVG being stolen on a large scale.

On Verge the attack does not throw a good light. After all, almost the same vulnerability was exploited as in the previous month. Already in the past there have been many voices claiming that the Verge Technology is very simple compared to other cryptocurrencies and therefore not as advanced as the makers claim.

It also remains to be said that the security gap still exists. The hackers could strike again at any time and capture more XVG. It was only stolen no more XVG, because the hackers have decided to suspend the attack once. After all, they would not mind running the attack over several days and sending the value of the cryptocurrency to the bottomless.

Fun Fact: The $ 35 million Verge is enough to buy Premium Pornhub membership for 175,000 months. Because as Verge and Pornhub have also announced in recent months, Pornhub now also accepts payments in XVG.

You want the latest news about Crypto? Sign up to our weekly Newsletter!




Previous articleVerge Struck by Second PoW Attack in as Many Months
Next articleIOTA works with UN
TheBitcoinNews.com - Bitcoin News source since June 2011 - Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. Advertise with us : Advertise