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The Verge Hack, Explained


Kargai

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Posted

Just in case you didn't see it in the last 24h news, verge seem to have been hacked yesterday .... again. Indeed it's not the first time in the last few months that it happened with that privacy-focused cryptocurrency. 

In the past their protocol was hacked, resulting in millions of dollars worth of Verge. Yesterday it's 1.7 million $ that the hacker mine from them.

If you want to know everything about the previous hacks you can read a very detailed article here : https://blog.theabacus.io/the-verge-hack-explained-7942f63a3017

And the source for the actual hack is here : https://coinjournal.net/verge-is-being-hacked-again/

What's the most concerning is that the last attack seem very similar to the previous ones, meaning Verge is not very well suited to patch things when something bad happen. 

Just another proof that it's just a pump and dump coin and not a serious project (or at least with a lack of great member in the team, when you have a problem you patch it directly, they don't)

Posted

Lol I was FOMOd when it announced the mysterious partnership. At least people could buy some porn using XVG  on Pornhub xd 🤣🤣 

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