Hello fellow Bitcoiners and Altcoiners.
We have an unfortunate announcement from the Roger frontline today.
On the 8th June 2020, the ROGER network was hit by a >50% attack, not difficult to achieve on Scrypt coins I know, unfortunately our confirmations were set too low during a time of high difficulty and low hash rate.
So far what we know is that a solo miner, mining to this address:
https://chainz.cryptoid.info/roger/address.dws?RbWt1C1fBrP3AWGVGDc17Wj6c3Krvvarie.htm - mined almost 10k ROGER, then deposited it on altmarkets.io
The initial deposit was then orphaned and the chain rolled back, this appears to have been accidental at first. As the user in question then withdrew and deposited back and forth to a new account, rolling the chain back another 6+ times (pumping in 40GH+ as required).
This allowed them to easily inflate their exchange balance whilst trashing the market and clearing out sell/buy orders.
These are just estimated figures so far, but altogether it appears that they inflated their balance to a total of ~6.6 Million ROGERs. ~5 Million was dumped on the exchange pairs, totalling about ~0.03 BTC (some was traded to ETH then withdrawn too), and the final amount of ROGERs they were able to withdraw from the exchange totals just over 1.6 Million.
Their ROGER balances are currently sitting in these two addresses, but I imagine they'll move them soon:
https://chainz.cryptoid.info/roger/address.dws?VKrpAGbV7spAPiqdrMnM7mucCPi1JmLFai.htmhttps://chainz.cryptoid.info/roger/address.dws?RqrbX2XQC7y3DgMV3kWCgZE6kVxxmmoPfu.htmWe're posting this here for transparency, we're still waiting for AltMarkets to come back with the final figures and I'll update this post. Going forward all our network services have been advised to raise their confirmations.
We're also calling on any devs that are able and willing to help us with a spork + algorithm switch to the new-ish RandomX mining algorithm implemented in Monero. We're lacking in Scrypt miners but we have a community ready and able to CPU mine at large with RandomX. It would help decentralise our mining process and make it much harder for attackers. We're looking into setting up a fund for this too.
If you're interested in helping out, please either PM me here, or join our social channels listed here:
https://theholyroger.com/The_Holy_Roger_Coin and get in touch with a mod.
P.S We also have more information available on the attacker if anyone wants to go huntin'. You shall be rewarded in many ROGERs.
-- TheHoliestRoger
