Verge Hacked Yet Again – 35 Million XVG Vanished

XVG hacked, no news

Hackers were exploiting the same flaw as first attack in April, but this time they got away with even more Verge tokens. According to our sources there are over 35 millions XVG stolen this time – that’s worth over 1.7 million dollars.

Bitcointalk user Ocminer (who is also a Supernova mining pool administrator) wrote in the forums that new attack exploited same glitch as the previous hack – only difference was this time there was much more tokens stolen.

From Bitcointalk forums:  the attackers now simply use two algos to fork the chain for their own use and are gaining millions
From Bitcointalk forums: the attackers now simply use two algos to fork the chain for their own use and are gaining millions

Evil XVG miners/hackers could mine thousands of blocks seconds away from each other and earned millions of dollars with this method. After the previous attack was made, Verge went through quick hard fork to rectify the flaw in their codebase, only after the fact.

This time they also seem not to be very talkative and have just tweeted this:

Some ex Verge coin holders say that hard fork did nothing to eliminate Verge’s vulnerability to hack, meaning it was totally useless and Verge team has learned nothing from previous hack.

We have been staying clear from Verge for quite some time now. While munching popcorn, we are siding with this Bitcointalk forum user and just wait what’s coming next:

"Why are people still mining this shitty coin? The codebase is obviously fucked."
“Why are people still mining this shitty coin? The codebase is obviously fucked.”

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