Detail Analysis
Date:
Status:
Count:
Contributor:
December 12, 2018
Verified
2
zerofriction.io
Loss Amount:
100,000
Recovered Amount:
-
Currency:
Dollars
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:
Vertcoin
Network
Chain
51% Attack
Extended Method:
51% attack
Data Sources:
Vertcoin suffered a major attack in which hackers stole funds worth $100,000. In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth of 307 blocks which, according to the specialist, may have caused double spends upwards of $100,000. The incidents started in October and happened on four different occasions, the last of which was supposedly ongoing at the time of publishing the blog post – December 2nd.
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