Verge hacked again
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Anyone holding Verge?
https://www.ccn.com/privacy-coin-verge-succumbs-to-51-attack-again/
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wow - rats. Bad news for Verge!
Even Bitcoin and Ethereum are vulnerable to this type of attack though (51% attack) - which also worries me..
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I'm glad I sold all just before the Pornhub partnership.
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@joes It would be hard to do a 51% attack on a coin like Bitcoin or Ethereum though, am I correct?
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@lucky777 It would only take $100k or so to setup 10k Bitcoin nodes using AWS (Amazon Web Services) - well within budget of many groups. With that, you could do a 51% attack.
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i am holding, but it's ok it is the risk, and it is not a really bad news
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@joes i just think that verge team are not up and doing, because as the saying goes, "a forseen thorn on the ground can not bring a man down twice otherwise you are regarded as incompetent". Verge should wake up and deployed the best cyber technology to fight this cyber criminals else, it may be the end of verge.
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More info on the attack here: https://blog.theabacus.io/the-verge-hack-explained-7942f63a3017
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@joes said in Verge hacked again:
More info on the attack here: https://blog.theabacus.io/the-verge-hack-explained-7942f63a3017
Ok . I take a look on it . Thanks
