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Breaking news: US Sanctions Enforcer Blacklists a Crypto Exchange for First Time

Pornhub Payment Option Verge Suffers Massive Blockchain Reorganization

Verge has been hit by a massive 560,000-block reorganization.

Feb 15, 2021 at 11:11 p.m. UTC
Updated Sep 14, 2021 at 12:11 p.m. UTC

Verge, a small cryptocurrency serving as a payments option on Pornhub, suffered a massive 560,000-block reorganization Monday, according to researchers at Coin Metrics. Verge's Twitter account seemed to acknowledge the attack late Monday.

  • In "likely the deepest reorg that has ever taken place in a 'top 100' cryptocurrency," the past 200 days of Verge transaction history "just vanished," wrote Coin Metrics network data analyst Lucas Nuzzi.
  • Verge's official Twitter account said the "dev team has released a fix" and everything should be "business as usual" in "13 hours."
  • The cryptocurrency previously known as DogecoinDark is no stranger to network attacks. The network suffered similar but less severe exploits in April 2018 and May 2018.
  • After Monday's reorganization, Verge now stands tied with Ethereum Classic for the number of network exploits. Ethereum Classic suffered three consecutive 51% attacks inside of a month in August 2020.
  • Verge markets seemed mostly unaffected by the news, trading mostly in tandem with other cryptocurrencies that dipped early Monday and before recovering.
  • The market's reaction may be due to the fact that no one noticed, since Verge reported barely $50 million in 24-hour trading volume across all markets, according to CoinGecko.

DISCLOSURE

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