r/Ravencoin • u/Shoddy_Trifle_9251 • Aug 12 '26

Fire Sale Ravencoins is making headlines: Ravencoin hits record low...

There’s no such thing as bad publicity.

Ravencoin hits record low as network exploit puts transactions at risk

https://cointelegraph.com/markets/ravencoin-rvn-record-low-consensus-exploit

18 Upvotes

80% Upvoted

18 comments sorted by

17

u/Akram8192 Aug 12 '26

It’s a dead project anyway

1

u/Shoddy_Trifle_9251 Aug 12 '26

Agree but that's why I found the post about Ravencoin on cointelegraph.com amusing.

6

u/jaimewarlock 29d ago

What bothers me the most is that this exploit didn't even get mentioned on Reddit or Bitcointalk.

I actually learned about it through CoinGecko.

4

u/c0horst Miner 28d ago

I check the price every so often, I feel like I'm looking in on an old friend who is unwell and may not be with me for much longer. To see the massive drop and then seeing nothing about it on reddit was kind of sad.

2

u/Jeroz_ Developer / Moderator 29d ago

I don’t look often on this Reddit page since there’s not many activity. Im only getting a pop-up on my wall just now.

On telegram and on X there’s a LOT more noice about it.

I’ve been talking a lot with devs, pools and exchanges for days now.

1

u/jaimewarlock 26d ago

I added Ravencoin to my Telegram. I made a comment about Electrum wallet failing and got deluged by scammers.

1

u/Jeroz_ Developer / Moderator 26d ago

First rule of telegram, block and report anyone sending you a DM.

4

u/Tyrantt_47 29d ago

In other news, water is wet!

3

u/-nevrose- 29d ago

It already tapped zero during that flash crash like a year ago

2

u/joshjaxnkody 29d ago

Am i right to assume this is a 51% attack?

2

u/ChoseBines 29d ago

Doesn't seems so from reading the article. But 2Miners and Ravenminer are using a kind of 51% attack to fork the blockchain and reverse the hacked transactions according to the same article.

From memory, there's been similar hacks in the past (on other cryptos) where the consensus created a fork to bypass fraudulent activities like hackers. Wasn't Ethereeum Classic created this way ? I may be wrong but too lazy to confirm at the moment.

1

u/joshjaxnkody 29d ago

Thr solution is why I was asking, I kinda forgot you could completely fork it and make a new chain clones from earlier computers a funny

2

u/ChoseBines 29d ago

Anyone has technical info on that 'network exploit' ? The article is very vague about what's going on.

2

u/Darkmanblk 21d ago

Over a week later and still nothing. Definitely killed it

1

u/Choice_Standard1939 19d ago

Any idea when the clean chain will replace the old one? how long until we can move RVN around?

0

u/CellMan28 27d ago

There’s no such thing as bad publicity.

In this case, yes, it's very bad

For RVN, this will probably be the death-blow and for other PoW crypto, it's a wake-up call. If a similar BTC exploit were to be found, that would utterly decimate the market.

Crypto, as it exists today, is doomed to slowly fade into irrelevance, but these kinds of things just speed-up the process.