An unknown attacker has exploited a bug in the Verge cryptocurrency network code to mine Verge coins at a very rapid pace and generate funds almost out of thin air.
The Verge development team is
preparing a hard-fork of the entire cryptocurrency code to
fix the issueand revert the blockchain to a previous state before the attack to neutralize the hacker's gains.
Verge devs: Not a >51% attack
The incident took place yesterday,
and initially, users thought it was a ">51% attack," an attack where a malicious actor takes control over the more than half of the network nodes, giving himself the power to forge transactions.
Rumors swirled around all day yesterday, as users feared the attacker might use his dominant network position to siphon funds from their accounts.
The Verge team eventually came out and clarified the details surrounding the incident, denouncing rumors of a 51% attack, but not revealing additional info about the real cause of the incident.
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