Hacker exploits Verge bug to generate cryptocurrency coins worth $780,000 in 3 hours

Verge may not be the biggest cryptocurrency out there, but it does have quite a following and has generated enough interest to attract hackers. The cryptocurrency came under attack for three hours yesterday, enabling a hacker to net 15.6 million Verge coins worth around $780,000. While there was initially speculation that Verge had fallen victim to a ">51% attack" -- in which an attacker is able to forge transactions by taking control of more than half of the network -- but this has been denied by developers. A hard fork is being prepared to patch the bug that allowed the… [Continue Reading]