After this devastating attack, a reorganization of 560 thousand blocks was made in the crypto currency. Due to the attack, the price of XVG, the project's crypto currency, collapsed by 20 percent. The Verge team made an official statement on the issue and said:
ATTEMPTED TO TAKE THE VERGE (XVG) BLOCKCHAIN. THE DEVELOPMENT TEAM WORKING WITH THE MINERS MADE A DAMAGE PREVENTIVE CORRECTION. FURTHER, WE EXPECT EVERYTHING TO RETURN TO NORMAL IN 13 HOURS.
Charlie Lee: Beware of cryptocurrencies that are weak against 51 percent attack!
Litecoin inventor Charlie Lee commented on the incident. Charlie Lee warned his followers of cryptocurrencies that were weak in the face of a theoretical 51 percent attack. Charlie Leek said on the subject:
ALWAYS BE CAREFUL FOR MONEY WITH HIGH NICHASH FEATURE. WITH NO PRE-COST, THE INCREASED COST CAN BE HIGHLY CHEAP. AND IT WILL BE EASY TO ATTACK 51% AND RESTORE THE CHAIN.
Originally released as "Dogecoin Dark" in 2014, Verge is the first cryptocurrency adopted by Pornhub. With this development, crypto money became popular again in April 2018. It was reported by Pornhub that XVG was chosen for its anonymity-oriented features. As Kriptokoin.com previously reported, Pornhub also started accepting Bitcoin and Litecoin in September 2020.
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