Famous unknown Verge (XVG) lost 25% of its value on April 4 after hackers exploited a flaw from the hard drive update to get a large amount of XVG.
According to media sources from the press and from the developer, a fatal error allows the attacker to tamper with the timestamp (Timstamp is used when wanting to store both date and time information. -01-01 00:00:01 'UTC to' 2038-01-19 03:14:07 'UTC).
"More than 51% of attacks now exploit the XVG bug code for profit, a member of Suprnova's" Ocminer "discusses on Bitcoin.
Note: Suprnova is a famous crypto excavator
"You can set up digging blocks by fooling the timestamp from the vulnerability of the XVG code. When sending a validated block, you only need to set the timestamp to 1 hour before the timestamp, the XVG thinks it's decoded an hour ago and pays you the reward. "
The incident was announced three weeks after John McAfee confirmed Verge lost control of his Twitter account to hackers, the funds are still safe.
The bugs have been reported, but Sunerok, who led the project, is apathetic, claiming it was just a random error on hard fork.
The attack stopped yesterday, 5/4. I checked the logs and found that the attack started from block 2014060 to block 2026196. Ocminer wrote on Bitcointalk.
On the official Twiiter page, the XVG also issued a statement to reassure investors
"There was a small-scale attack this morning, but they were blocked. XVG will carry out inspections to ensure that everything remains in control. "
Verge confirmed that there were about 250,000 XVG stolen, but on the forums people assumed that the actual number could be up to 3.9 million XVG. The attack was halted, however, during which time the bad guys had confirmed hundreds of blocks, making it extremely difficult to recover.
2018 seems like a tough year for Verge. Twitter is hacked, asking the community to donate $ 3 million to support the project to continue to grow, and now the attack is 51%.
Does the name cooperate with Verge to create a big explosion for the Crypto market or the trust of investors, from the community will lose. The answer will be after April 16.