[2018-1-2] ‘Privacy Coin’ Verge is Allegedly Leaking Users’ IP Addresses

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Privacy coins are meant to be private: that’s their raison d’être. Without this functionality, they’re just altcoins, and dangerous ones at that for anyone relying on them for anonymity. Verge (XVG) is one of the best known privacy coins on the market, but it risks becoming famous for all the wrong reasons. A new website claims to list the IP addresses associated with hundreds of verge transactions, stripping bare the coin’s claims of anonymity.

Verging on the Ridiculous
XVG has soared in price over the past month, which may owe more to the coin being heavily shilled by John McAfee than its strong fundamentals. Nevertheless, a combination of privacy coins being en vogue and XVG costing mere buttons – or rather satoshis – until recently have also contributed to its rise. Anyone snapping up the coin for its privacy features, however, could be in for a disappointment.

‘Privacy Coin’ Verge is Allegedly Leaking Users’ IP AddressesIn a recent article on privacy coins, news.Bitcoin.com wrote: “The general consensus is that verge isn’t as private as some of its competitors, so don’t trust it with your life.” That may have been an understatement given that a website is now purportedly listing IP addresses pertaining to verge transactions. The operator of the website is anonymous, which is more than can be said of the transactions it reveals.

Read more: https://news.bitcoin.com/privacy-coin-verge-allegedly-leaking-users-ip-addresses/

[CryptoBry]

This must be bad news on the reputation of Verge as one of the privacy coins available in the cryptocurrency market. I am hoping people behind Verge can settle this problem as soon as possible and come up with statement either deny the said accusation or elaborating what they are doing to plug the leaks. I understand that Verge was in the limelight in the past many days because of its bull run, together with other notable coins in the market. The surge could have been laid to waste if they are not careful because this is just like putting a dagger at the heart of something.

[vit05]

How the hell we still talk about the scam VERGE?  They do not have anything, it is just a scam that has a promotional team using a lot of money. Their product sucks and their price should be zero. If you have any Verge just sell it now. Buy something that deserves the price and has a great roadmap.