Cybersecurity incident
Date: 2018-05-22 00:00:00
Affected organization: Verge Cryptocurrency
Affected country: Undetermined
Industry: Finance and Insurance
Event type: Exploitive
Event subtype: Exploitation of Application Server
Motive: Financial
Actor: Undetermined
Actor type: Criminal
Actor country: Undetermined
Description: A hacker finds a way around a previous patch in the Verge cryptocurrency source code and takes advantage of the flaw to monopolize mining operations and create Verge coins (XVG) at a rapid pace. He is able to mine over 35 million XVG coins in just a few hours.