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Detail Analysis

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Date:

Status:

Count:

Contributor:

May 22, 2018

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Verified

4

zerofriction.io

Loss Amount:

1,750,000

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Recovered Amount:

-

Currency:

Dollars, XVG

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Verge

Network

Chain

51% Attack

Extended Method:

51% attack

Data Sources:

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The attacker discovers and manipulates errors in the Verge code, causing false timestamps to be set on the block and then dig out new blocks quickly. The protocol of Verge is uses five mining algorithms in turn, and the attacker increases control over two of them: scrypt and lyra2re. The attack should be between block 2155850 and block 2206272. Within a few hours of the attack, the 35 million XVGs, which cost about $1.75 million, were stolen at the prevailing exchange rate.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.