Using an exploit in Ravencoin, unidentified hackers created 5,000 new RVNs per block without mining. The issue was explained yesterday in an article published by Ravencoin developer Tron Black. Black said that law enforcement officers were also informed about the issue and that they were working to illuminate the incident. It is noted that these extra coins, which should not be available, are approximately 1.5 percent of the total supply of RVN of 21 billion, but the exact final number is not yet known. At the same time, this amount is equivalent to 44 days of mining. Based on the information provided, it can be said that hackers generate an additional 315 million RVN. This amount makes $ 5.7 million at current prices. It is stated that the attackers managed to sell some of this amount in the stock market. Ravencoin was created by forking from Bitcoin in 2018. Designed to facilitate the transfer of assets from one side to another, Ravencoin also allows users to create assets on the protocol with rules that are independent from those on the platform. The name of the project comes from Game of Thrones. Raven means “raven” in Turkish. How they determine the team name “In the fictional world of Westeros, ravens are used as messengers that give the sign of truth. Ravencoin is a state-of-the-art blockchain designed to carry real statements about which assets belong to whom. ” explains the form. Ravencoin team is working on how to solve the last problem. Black urged users to keep trading to a minimum until a correction is made. Also, details about the incident will be announced after the correction.
