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ID:

verge-399

Date:

Status:

Incident Count:

February 15, 2021

Verified

4

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Verge

Network

Chain

51% Attack

Extended Method:

51% attack

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Days in Operation:

0

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The privacy coin Verge (XVG) underwent a reorganization of 560,000 blockchains after a 51% attack on Monday. Lucas Nuzzi of CoinMetrics stated that the history of token transactions over 200 days has been deleted. Privacy-focused blockchain network Verge (XVG) has experienced a significant block reorganization, replacing transactions dating as far back as July 2020. Despite being described as potentially “the deepest reorg that has ever taken place in a top 100 cryptocurrency,” analysts are yet to confirm that the incident comprised a coordinated attack. Coinmetrics chief operating officer Antoine Le Calvez was one of the first to notice the reorg, sharing a screenshot on Twitter showing that at least 560,000 blocks had disappeared on Feb. 15.

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