Pigeoncoin hacked, 235 million stolen tokens PNG

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Hackers managed to steal 235 million coins Coin Pigeon (PGN) because of a bug in the Bitcoin Protocol.

Pigeoncoin (PGN) – a token is represented by only two exchanges, finally came to prominence in cryptosuite, but for a most unpleasant reason. The unknown hacker managed to steal 235 million tokens via PGN revealed a bug in the bitcoin code. Attack on the source code of bitcoin has brought the hacker about $15,000, because PGN is estimated at $ 0,000065.

And hack Pigeoncoin that cost the project about $15,000 has been demonstrated already fixed the bug in the Bitcoin Protocol.

Untimely update led to loss of funds

Error in code Bitcoin CVE-2018-17144, which was revealed on 19 September, was a big risk for the network, allowing hackers to make an attack called “attack of 51%” and initiate an attack of double flow. Developers the next day was created a patch that resolves this vulnerability and all projects running on this code, it was recommended to urgently carry out the update.

Pigeoncoin (PGN) built on the source code of the network Bitcoin, and the developers of the project had not timely correct the error CVE-2018-17144. This deferral of updates cost them 235 million tokens PGN, which is more than 25% of the total number of issued tokens from the total number of issued cryptocurrencies in 923 million PGN.

It was the attack of 51% and was used for hacking Pigeoncoin by its nodes and double attack, which led to the creation of 235 million PGN. The total turnover of the tokens will now exceed 1 billion PGN as a result of this hack.

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Tags: Pigeoncoin PNG

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