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ID:

verge-771

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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Audit By:

Audits:

None

Loss Amount:

1,750,000

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Recovered:

-

Rewards:

Currency:

USD, XVG

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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 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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