Verge Hacked Again, $1.4 Million in Coins Stolen

Privacy-focused altcoin Verge (XVG) seems to have been the victim of another hack. In a period of just a few hours, 35 million XVG were stolen.

Verge first tweeted that their mining pools were suffering a DDOS attack May 21st, and they noted in the tweet that they were working to resolve the issue.

XVG is currently trading at around $0.041, according to market data from CoinMarketCap, which makes the hacking equivalent to around $1.4 million.

In April of this year, Verge was also hacked, of 250,000 XVG and lost 25 percent of its market value as a result of the attack. Verge developers had supposedly “resolved” the April hack by accidentally hard forking, according to comments from SUprnova mining pool’s OCminer, found on Bitcointalk. Verge’s Twitter was also hacked in March, with hackers tweeting a fraudulent giveaway of XVG in exchange for coins being sent to them.

 

OCMiner, who broke the news of the first attack, posted again about Verge’s continued vulnerability to attacks on Bitcointalk last May 22nd. He noted in his comments that “since nothing really was done about the previous attacks (only a band-aid), the attackers now simply use two algos to fork the chain for their own use and are gaining millions:”

Verge has not yet responded to requests for comments on the hack as of press time

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