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Detail Analysis

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Date:

Status:

Count:

Contributor:

April 4, 2018

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Verified

4

zerofriction.io

Loss Amount:

1,000,000

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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 Verge network was attacked by 51% for the first time. According to Bitcointalk forum user ocminer, a malicious miner can use forged timestamps to mine blocks, thereby tricking the network into thinking that the new block was mined one hour ago, so that when the next mined block is immediately added to the network, it also added to the blockchain. This allowed the attacker to mine one block per second, which is said to have mined 250,000 XVG.

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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.