Detail Analysis
Date:
Status:
Count:
Contributor:
May 22, 2018
Verified
4
zerofriction.io
Loss Amount:
1,750,000
Recovered Amount:
-
Currency:
Dollars, XVG
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Verge
Network
Chain
51% Attack
Extended Method:
51% attack
Data Sources:
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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