U.S. markets closed
  • S&P Futures

    3,844.75
    +35.50 (+0.93%)
     
  • Dow Futures

    31,148.00
    +236.00 (+0.76%)
     
  • Nasdaq Futures

    13,068.25
    +157.25 (+1.22%)
     
  • Russell 2000 Futures

    2,237.20
    +38.00 (+1.73%)
     
  • Crude Oil

    62.66
    +1.16 (+1.89%)
     
  • Gold

    1,742.90
    +14.10 (+0.82%)
     
  • Silver

    26.90
    +0.45 (+1.72%)
     
  • EUR/USD

    1.2092
    +0.0004 (+0.04%)
     
  • 10-Yr Bond

    1.4600
    -0.0580 (-3.82%)
     
  • Vix

    27.95
    -0.94 (-3.25%)
     
  • GBP/USD

    1.3992
    +0.0070 (+0.50%)
     
  • USD/JPY

    106.6120
    +0.1100 (+0.10%)
     
  • BTC-USD

    46,389.32
    -93.18 (-0.20%)
     
  • CMC Crypto 200

    927.80
    -5.34 (-0.57%)
     
  • FTSE 100

    6,483.43
    -168.53 (-2.53%)
     
  • Nikkei 225

    29,594.88
    +628.87 (+2.17%)
     

Pornhub Payment Option Verge Suffers Massive Blockchain Reorganization

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Zack Voell
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

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.

Related Stories