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ID:

vertcoin-716

Date:

Status:

Incident Count:

December 12, 2018

Verified

2

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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:

100,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Vertcoin

Network

Chain

51% Attack

Extended Method:

51% attack

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Days in Operation:

0

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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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