AlphaBeta

Verge (XVG) 51% attack causes hard fork

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The Verge cryptocurrency (XVG) suffered a 51% attack on April 5th. An attacker exploited several bugs in the XVG code that enabled them to gain a majority of the mining power and generate free coins for themselves.

The response from Verge? Calling it a "small attack": 

In fact, this wouldn't have been publicized much except for OCminer reporting the issue on Bitcointalk. Nonetheless, Verge have "accidentally" hard forked the cryptocurrency in the process of releasing an update that mitigates the impact. It looks like there will be interesting times ahead in the wake of this hack.

bitcoin-3270890_1280.thumb.jpg.8c5aad34f5d780ed7159d757e27e178f.jpg

 

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