Le Calvezs colleague, Lucas Nuzzi, who is Coin Metrics network data item supervisor, also stated that the block reorganization efficiently removed 200 days worth of deals on Verge. Commenting on enormous block reorganization was Litecoin developer Charlie Lee, who said:” Verge (XVG) simply got 51% attacked. And it would be easy to do a 51% attack and re-org the chain.”
There have actually been a series of 51% attacks in the crypto market. As reported by CryptoPotato back in January, another privacy coin Firo fell victim to 51% attack.
Brink, a privacy-centric cryptocurrency, reportedly suffered an attempted 51% attack, triggering a massive blockchain reorganization, which wiped off over six months of transactions.
200 Days Worth of Verge Transactions Wiped Off
The problem was very first exposed by Antoine Le Calvez, chief data engineer at blockchain research study business Coin Metrics. Tweeting on February 15, Le Calvez noted that 0over 560,000 blocks were affected.
Le Calvezs coworker, Lucas Nuzzi, who is Coin Metrics network data item manager, likewise said that the block reorganization efficiently eliminated 200 days worth of transactions on Verge. Nuzzi added that the event was “likely the deepest reorg that has ever happened in a “leading 100″ cryptocurrency.” The past 200 days worth of $XVG transaction history simply vanished.
This is likely the deepest reorg that has actually ever occurred in a “leading 100″ cryptocurrency. https://t.co/ItFNBVZqbp
— Lucas Nuzzi (@LucasNuzzi) February 15, 2021
Brink reacted through its Twitter handle, stating that the group was conscious of the concern and was working to address the issue. Users were notified that everything would get back to normal in 13 hours time.
In addition, Verges Telegram channel had a series of pinned messages attending to the scenario, one of which mentioned that there was an effort to create a fork by some harmful nodes, adding that there was no 51% attack. The platform even more released a Medium post hours later on detailing the reported attack.
According to the group, funds are now safe. though users need to check their transaction data to ensure nothing runs out the regular.
Crypto Industry Still Suffers 51% Attacks
While Verge guaranteed users that their funds were safe, some members of the crypto neighborhood noted that it was not the very first time the platform was experiencing such an incident.
Commenting on massive block reorganization was Litecoin developer Charlie Lee, who stated:” Verge (XVG) just got 51% attacked. And it would be simple to do a 51% attack and re-org the chain.”
There have actually been a series of 51% attacks in the crypto industry. As reported by CryptoPotato back in January, another privacy coin Firo succumbed to 51% attack. Ethereum Classic also experienced the exact same fate a couple of times, with the most recent attack taking place in August 2020.
Brink, the current victim, was created in 2014 and was formerly known as “DogeCoinDark.” The coin made headings back in April 2018, when it became the very first cryptocurrency embraced by significant adult site Pornhub as a payment option.Title: Verge (XVG) Goes Through an Attempted 51% AttackSourced From: cryptopotato.com/verge-xvg-goes-through-an-attempted-51-attack/Published Date: Tue, 16 Feb 2021 13:33:27 +0000