BSV reportedly suffers ‘massive’ 51% attack

Bitcoin SV has reportedly suffered a “huge” 51% assault starting round 11:45 am Tuesday, leading to as much as three variations of the chain being mined concurrently.

Analytics supplier Coin Metrics confirmed Tuesday afternoon that its Farum threat administration platform had recognized the 51% assault.

Details about the assault was additional corroborated by Lucas Nuzzi, a community knowledge product supervisor at Coin Metrics. “Somebody is critically making an attempt to destroy BSV,” he tweeted, including:

“For over 3 hours, attackers had been capable of take over the chain. All exchanges that acquired BSV deposits throughout that point might need been double spent.”

On the time of writing, it was unclear whether or not the assault had ended or whether or not the perpetrator was simply taking a break.

Bitcoin SV was the results of a extremely contentious arduous fork of the Bitcoin Money (BCH) blockchain in November 2018. BSV has an an identical financial coverage as BCH and Bitcoin (BTC), although the fork was a results of deep inside disagreements with the Bitcoin Money group concerning a set of proposals to make transactions extra environment friendly.

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