Daily: 51% Attack on Bitcoin Gold!
Bitcoin Gold network just fell victim to a 51% attack, where the hacker scammed an exchange out of 18 Million Dollars. This is caused by reversing a transaction sent to an exchange by double spending.
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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I wonder if this is the anti fork movement. There are so many forks it’s a minor issue to find one to push around.
So is this fraud or is it making sure the system works. I actually like that they are doing this. It would be much worse if no one hacked because it was illegal and then we didn’t know the risk we were taking holding money in a chain with small hash power.
Hi Mikel!
Thanks a lot for this informative video and your insights.
Seems like 51% attacks getting in popular these days. 😂
Hackers every where. The whales and the orca's must be cautious about the same.
We don't care, don't have nothing to lose. Lol
Users may not be losing money right now, but if the attacks continue, some exchanges may go bankrupt and won't be able to refund users still keeping funds with the exchange.
thANks for your news
Funny edit :)
Beautiful video
Thanks for sharing update proving crypto currency news...
good crypto news. Thanks for sharing....
So CFTC says it is a commodity!?! Regulators can’t decide how to treat cryptocurrencies! IRS says its property and SEC callibg some securities. Unfortunately, this is what is causing uncertainty on a great technology. More innovative projects will leave the US altogether...
Why the price hasnt been affected by the attack? Should we sell before it does? What do you guys think?