Privacy Coin Verge Twitter Hacked

Hacker claimed that 1 billion of XVG coins were stolen
15 March 2018   637

Verge, a cryptocoin that claims “advanced privacy as a choice”, had its Twitter account hacked. The attacker attempted to scam them out of verge (XVG) coins. By the time the account had been restored, the price of XVG had fallen in value. This is reported by Coindesk.

After team managed to get the account back, they blamed the AT&T, said the that compnay managed to get "socially engineered".

After the hack, account posted this:

Verge Twitter
Verge Twitter

It is impossible to check were the coins stolen. The Verge community quickly suggested that the attacker acted because they had felt “threatened” by the altcoin’s ascendancy. They also blamed Twitter for the hack.

This is situation had huge negative effect onto Verge's price.

Verge Price Chart
Verge Price Chart

At the moment of press, these are the main XVG market parameters:

  • Average price: $0,028972
  • Market cap: $426 211 822 USD 
  • 24h Volume: $9 253 360 USD 

Ethereum VM May Have Vulnerability

The vulnerability is reported by NettaLab Twitter account
12 November 2018   65

On November 9, a statement appeared in Netta Lab’s Twitter account that the organization discovered a vulnerability in the Ethereum virtual machine that allows to execute smart contracts endlessly without paying for gas online. The researchers also allegedly turned to the operator of the American database of vulnerabilities, where they registered the corresponding discovery.

Netta Labs discovered an Ethereum EVM vulnerability, which could be exploited by hackers. The vulnerability can cause smart contracts can be executed indefinitely without gas being paied.
 

Netta Lab's Twitter

At Netta Lab's request, Google demonstrates the site of the netto.io project, which specializes in auditing smart contracts under the Netta Lab brand, but the Twitter accounts of the projects do not match. Note that the profile that reported the vulnerability was registered in November.

Many users expressed doubts about the authenticity of the information that appeared, but then the creator of the NEO project Da Hongwei said that he spoke with the CEO of Netta Labs and asked the researchers to audit the NEO virtual machine.

Nevertheless, Vitalik Buterin wrote on Reddit that this is a vulnerability in the Python-implementation of the virtual machine, which was first reported on GitHub 9 days ago. This means that the main clients (go-ethereum; parity and cpp-ethereum) are not affected.