Bitcoin SV (BSV), the infamous forked blockchain network suffered another major 51% attack on late Tuesday when an unknown preparatory managed to roll back and alter transactions. The attackers managed to create three shadow chains of the network which were mined simultaneously. The 51% attack came to light after crypto analytic platform CoinMetric discovered it during a regular monitoring exercise.
FARUM has identified a 51% attack today on the BSV network at around 11:45AM EDT.https://t.co/Oy19UDw53t https://t.co/T3MMRHqPe8
— CoinMetrics.io (@coinmetrics) August 3, 2021
Lucas Nuzzi, a network data product manager at Coin Metrics highlighted that the attack was unleashed on the network at 11:45 am EDT, and attackers managed to reorg a dozen blocks in the network. He said,
“After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46 AM and attackers are succeeding. Over a dozen blocks are being reorgd & up to 3 versions of the chain are being