According to reports, BSV suffered a “large-scale” 51% attack

According to reports, starting at around 11:45 on Tuesday morning, Bitcoin SV suffered a “large-scale” 51% attack, resulting in the simultaneous mining of three versions of the chain.

Analysis provider Coin Metrics comfirmed On Tuesday afternoon, its Farum risk management platform has identified 51% of attacks.

FARUM has discovered a 51% attack on the BSV network around 11:45 am Eastern Time today.https://t.co/Oy19UDw53t https://t.co/T3MMRHqPe8

— CoinMetrics.io (@coinmetrics) August 3, 2021

Further information about the attack Confirm Author Lucas Nuzzi, Network Data Product Manager at Coin Metrics. “Someone is seriously trying to destroy BSV,” he wrote on Twitter, adding:

“In more than 3 hours, the attacker was able to take over the chain. All exchanges that received BSV deposits during this period may have been double spent.”

At the time of writing, it is not clear whether the attack has ended or whether the perpetrators are just resting.

BSV is experiencing a 51% large-scale attack.

After an attempted attack yesterday, some serious hashing capabilities were released at 11:46 this morning, and the attacker succeeded.

More than 12 blocks are being reorganized, and up to 3 versions of the chain are being mined simultaneously across pools.

-LucasNuzzi (@LucasNuzzi) August 3, 2021

Bitcoin SV is Bitcoin Cash (Bitcoin Cash,Bitcoin cash) Blockchain in November 2018. BSV’s monetary policy and BCH and Bitcoin (Bitcoin), although the fork was the result of deep internal disagreements with the Bitcoin Cash community over a series of recommendations to improve transaction efficiency.

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