Bitcoin Forum

Verge has been hacked:

https://ethereumworldnews.com/possible-verge-xvg-hack-ongoing-minting-1000-worth-of-xvg-by-the-minute/

Many coins are susceptible to hacks!

This tell me that many of these coins that were thrown together by half baked developers might fall victim to hackers!

well
that cases already announced before from ocminer

https://bitcointalk.org/index.php?topic=3256693.0

but,
since they got hacked
i see the price still stable

markets is unpredictable now,, and this will make most of crypto down
but, for me the price of verge is in right price depends on technical analysis mate
so, don't worry  ;)

You just can't make this stuff up.

It's essentially the same hack as last time, just using alternating scrypt/lyra2re. Remember last time when the devs accidentally forked their own coin without even realising they had done so in their attempts to stop the hack? Turns out even then, they still didn't fix the exploit. This is utterly hilarious. The Verge devs are beyond incompetent.

The fact the Verge isn't worth zero is a damning indictment on the entire crypto world - that so many people are stupid enough to continue to invest in this complete piece of shit.

To answer your question OP, if Verge ever had any credibility, it would have lost it. It's a disgrace.

Never believed in Verge, hope they rebound though.

Verge has lost credibility a long time ago, if it ever had it. It failed where it should have been the strongest, in the domain of privacy, security, and anonymity. Just look at its stealth addresses. They don't offer much privacy, especially compared to the technology implemented in other privacy coins.

It has indeed, but the issue is still unclear to me, it is the bug found by Okex in Ethereum tokens that was activated or what, because it fhtis is true, no tokens on Ethereum platform is save, and it could trigger a panic sale

Again the same thing. Where the developers,  see their coin has already been hacked and do it again. This is not serious

I would hate to see panic selling. I have my own tokens in my wallet. It will be sad if all my balance on the verge is rolled in 0. I do not like this attitude of developers. With this it is necessary to do something.

Even on the first place i dont see any credibility. I had followed that previous hack and i didnt expect that they havent still able to fix that one, then that thing clearly testifies that they are really not capable. I dont see any reasons why do people do keep engaging themselves to this coin.Dont tell be that they are just beingg hyped up with Porn? :D

seems like you did not know and have no idea what is going on with XVG aka VERGE aka Dogecoindark.
if you want to know what is going on read it first ;
or here for full information regarding this problem ;

in brief,their network(Verge) got attacked by same people(i believe) 2 times in a single month(2 with this one*today).last time when they got attacked,the dev basically did nothing to the network.and right now we are seeing it again,which means XVG team has no idea what is going on with their system and because of that the price went down significantly from before plus they should have lost their credibility.

so it was out of Technical Analysis or someshit like that.it is in the right place or price ? absolutely not,for you guys who do not know.
a year or two years ago it was traded at 1 Satoshi,for a couple months.

Is there a possibility if this is an insider job? This has happened for two times. Pathetic security and optimization after the first hack. i just think this scammer will discover another bug in verge. In fact this is a buggy platform. This is why i just try to avoid POW token and move to the POS token. Just avoid verge there is a possibility the 3rd hack to be happened.

well, no one cares about Verge anymore because it is crap, no one wants to hold that crap because it is useless and you can easily lose a lot of money if you are not taking care of your coins. That is the main reason.

How does it possible? Is it Vulnerable? That's why XVg keeps dumping i saw the chart it's not good as before.. Traders should hold their token, Xvg will be back soon, Just like Xem had done for the last couple of months.

Verge is the biggest joke in crypto world.

The only reason it ever registered on anybody's radar is because Mcafee tweeted about it and then everyone flocked to it like mindless sheep.
What a bunch of ridiculous "investors" there are in the crypto world.
No wonder it is so volatile.

Take just a couple minutes to do some very light and simple research into Verge and you will quickly see that there is no credibility there.
Instead, you will find incompetence at the highest levels.

Just because the price of a coin is staying stable does not mean that the coin is strong or has a good foundation.

As the market matures, shitcoins like verge (and tron while were at it) will disappear.
And we will be talking, "Remember that time when verge pumped? Hahaha, that was so stupid."
And your response will be, "What was verge again? I forget."

insider ? i do not know about it but it has a possibility.
just look at the way they handled this matter,do you think it makes a sense ? they got hacked or attacked in a month or two months time.
and because of that they lost a quite number of coin in the process.if it's an insider job,the scenario would be like this
"'at the first attempt they tried this and because their supporter kept supporting it,they thought it's an easy way to collect money.
why they did that ? to shill their project obviously.what did they achieve after it ? a lot right ? for example those pornhub partnership'
and this second attempt was their exit pump i believe."
never ever believe this kind of project,because it's totally trash and their supporters are an idiot absolutely.they only cared about LAMBOS and RICH,most of them know nothing about tech.

I'm not sure if the whole network is completely doomed, but I wouldn't be very confident to use it as nothing is being done to fix the bug as far as I"m concerned.

We can not believe all the news or announcements on any subject in the crypto, we should expect, but regarding Verge in general is regrettable. However, does this make us wonder why in most of the coins with gigantic supply numbers are susceptible to Hacker attacks? Regarding the prices it still stays high, but with a continuous line of downfall and maybe we can believe in some relation with the subject.