Verge (XVG) Targeted by Another DDoS Attack

Posted on May 23, 2018 at 1:42 PM

Verge (XVG) Targeted by Another DDoS Attack

The new report issued by Verge last night says that the crypto is under yet another DDoS attack. It is possible that the flaw found after the previous one was not properly fixed, and so the attackers might be using the same method.

Verge is under attack again

Earlier this month, Verge (XVG) experienced a DDoS attack, and the researchers managed to discover a flaw that was later fixed. Now, however, it would seem that this crypto is under another attack that is using the same method. This time, however, the attackers are using two algorithms instead of one, as they did last time. This has caused many to believe that the flaw found earlier was not properly fixed.

The attack was reported late last night by Verge itself, on the official vergecurrency Twitter account.

The attack has caused a delay in the blockchain. However, the VergeArmy did not panic, but has, instead, showed its support. Some have even suggested that the mining pools try and implement RRL (Response Rate Limiting) walls in the code from now on. This was suggested since the attack seems to be on the mining pools themselves, seen as the complexity has dropped to zero.

Comments that claim that the attack might be the same one as before, only with two algorithms actually came from the Verge community on Reddit. Still, even with the attack still going on, this crypto’s community is showing support and their faith in the crypto’s developer team.

The attack might be an opportunity

Others have even commented that a temporary decrease in Verge’s price is coming, but that the currency will bounce back. In the meantime, those who support XVG might even see this as an opportunity, and buy as many tokens as they can before the price jumps back up again.

As for Verge’s current price, it is at around $0.043521. The currency’s market value is at $785.42 million, and it is ranked 31st according to CoinMarketCap. The coin’s price has been dropping even before the attack, so it will be interesting to see what kind of consequences will the crypto have to deal with after the attack.

Attacks like these have become a common occurrence in the crypto world, and have caused a lot of technical issues, especially when it comes to mining pools. Whether or not the attack is still ongoing is unknown at the time of writing. What will happen to Verge’s price, and whether the attack can be stopped and the flaw fixed before the major damage has been done remains to be seen?

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Verge (XVG) Targeted by Another DDoS Attack
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Verge (XVG) Targeted by Another DDoS Attack
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The new report issued by Verge last night says that the crypto is under yet another DDoS attack. It is possible that the flaw found after the previous one was not properly fixed, and so the attackers might be using the same method.
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Koddos
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