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ID:

verge-771

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Date:

Status:

Incident Count:

May 22, 2018

Verified

4

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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50 pts

Audit By:

Audits:

None

Loss Amount:

1,750,000

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Recovered:

-

Rewards:

Ticker:

USD, XVG

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100 pts
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Platform:

Type:

Category:

Method:

Data Sources:

Verge

Network

Chain

51% Attack

Extended Method:

51% attack

Days in Operation:

0

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100 pts each

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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