Privacy-Centric Coin Verge Suffers Massive Reorganization Attack, Developers Say Funds Are Safe

Privacy-Centric Coin Verge Suffers Massive Reorganization Attack, Developers Say Funds Are Safe


Pornhub payment option Verge (XVG) is suffering from a brutal attack that allowed malicious actors to orchestrate what appears to be one of the deepest block reorganizations in blockchain history.

Coin Metrics data engineer Antoine Le Calvez was one of the first to report the incident, highlighting that the attack involved more than 560,000 blocks.

Looks like $XVG (Verge) experienced a massive 560k+ blocks reorg.@coinmetrics' node is on a new chain whose last common ancestor with the previous chain dates to July 2020.

— Antoine Le Calvez (@khannib) February 15, 2021

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Coin Metrics researcher Lucas Nuzzi adds that the attack erased more than six months’ worth of XVG transactions in what is likely the deepest block reorganization in a top 100 cryptocurrency.

A blockchain reorganization happens when miners controlling a majority of the hashpower collaborate to erase confirmed blocks from the blockchain. In doing so, the attackers can spend funds, erase the transaction, and spend the

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