Verge cryptocurrency hack shows, no, blockchain isn't invincible

Privacy-oriented cryptocurrency Verge (symbol: XVG) was apparently hacked Wednesday, with the attacker making off with around 250,000 coins with a value of roughly $15,000 (though some reports go as high as $1 million).

Compared to some recent crypto-related hacks, this attack was particularly nasty as it compromised the integrity of Verge’s blockchain. 

The attack was discovered by ocminer, a poster on Bitcointalk forums (via Bitcoin.com), on Wednesday afternoon. According to him, a hacker used “several bugs” in Verge’s code to mine an extraordinarily large number of new blocks in Verge’s blockchain, thus rewarding himself with a lot of Verge coins.  Read more…

More about Bitcoin, Hack, Cryptocurrency, Verge, and Electroneum
Source: Mashable | Verge cryptocurrency hack shows, no, blockchain isn't invincible