Five most prolific 51% attacks in crypto: Verge, Ethereum Classic, Bitcoin Gold, Feathercoin, Vertcoin

Published on by Cryptoslate | Published on

Below is a list of the five most prolific 51% attacks in crypto.

Concerns were raised when the BTC.TOP mining pool controlled as much as 50.2% of the Bitcoin Cash hashrate at a point in January 2019.Coins that Suffered Attacks.

Feathercoin, Vertcoin, Ethereum Classic, and Verge have all suffered 51% attacks.

In a May 11th blog post, the Bitcoin Gold team made Bitcoin Gold holders aware of attempts to attack the Bitcoin Gold network.

The attack on Bitcoin Gold also involved rented hashpower from cloud mining services.

In response, the Bitcoin Gold team stated that 51% attacks are a known risk in the ecosystem.

Gert-Jaap Glasbergen, a Vertcoin developer, attributed the attack to the availability of cloud mining services and the release of specialized mining hardware for Vertcoin.

Following the incident, the Ethereum Classic team blamed the attack on insufficient hashrate and the malicious "Bad actor" miner identified as Private Pool 0x3ccc8f74.

In April 2018, an attacker exploited a bug in the Verge code and made away with at least 20 million Verge coins, worth approximately $170,000.

In his CryptoSlate interview, Justin Sunerok mentioned that the series of attacks on the Verge network "Did not affect confidence in the project." He added that the Verge community was as vibrant as ever.