Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending

Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending


A bitcoin-replica launched with an aim to discourage miners from forming pools and gain a monopoly over its network has been compromised. Mark Nesbitt, a security expert, revealed that the blockchain of Vertcoin, a peer-to-peer PoW cryptocurrency, is under a 51% attack. The Coinbase engineer found that some anonymous cybercriminals rented a large amount of ASIC

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Posted by Yashu Gola on December 5, 2018 @ https://www.ccn.com/vertcoin-hit-by-51-attack-allegedly-lost-100000-in-double-spending/

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