Ravencoin drops to record low as miners move to reverse exploited chain

cryptonews

Aug 12

Ravencoin has fallen to a record low after an exploited consensus vulnerability put several days of RVN transactions at risk and led exchanges to suspend deposits and withdrawals. Summary ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2658921033"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2658921033\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2658921033?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-12 14:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2658921033","market":"other","top_or_hot":-1,"title":"Ravencoin drops to record low as miners move to reverse exploited chain","media":"cryptonews","content":"<div>\n<p>Ravencoin has fallen to a record low after an exploited consensus vulnerability put several days of RVN transactions at risk and led exchanges to suspend deposits and withdrawals.\n\n\nSummary\n\n\n\n...</p>\n\n<a href=\"https://crypto.news/ravencoin-drops-to-record-low-as-miners-move-to-reverse-exploited-chain/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ravencoin drops to record low as miners move to reverse exploited chain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRavencoin drops to record low as miners move to reverse exploited chain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-12 14:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/ravencoin-drops-to-record-low-as-miners-move-to-reverse-exploited-chain/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ravencoin has fallen to a record low after an exploited consensus vulnerability put several days of RVN transactions at risk and led exchanges to suspend deposits and withdrawals.\n\n\nSummary\n\n\n\n...</p>\n\n<a href=\"https://crypto.news/ravencoin-drops-to-record-low-as-miners-move-to-reverse-exploited-chain/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HECO","symbol_name":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","start_time":0,"source_url":"https://crypto.news/ravencoin-drops-to-record-low-as-miners-move-to-reverse-exploited-chain/","article_id":"2658921033","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/ravencoin-drops-to-record-low-as-miners-move-to-reverse-exploited-chain/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2658921033","pubTimestamp":1786517748,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Ravencoin has fallen to a record low after an exploited consensus vulnerability put several days of RVN transactions at risk and led exchanges to suspend deposits and withdrawals.Ravencoin fell to an all time low of $0.002754 after a consensus vulnerability put several days of transactions at risk.Mining pools 2Miners and RavenMiner are building a competing chain that could trigger a reorganization covering roughly three days.Transactions confirmed after block 4,487,775 could be reversed if the competing chain becomes dominant.The decline came after Ravencoin disclosed on Tuesday that a consensus flaw had allowed vulnerable nodes to accept blocks that should have been rejected. The project traced the first known invalid block to height 4,487,776 on Aug. 7, leaving transactions processed over the following days exposed to a possible rollback.For users who sent RVN during the affected period, a transaction that previously showed confirmations could therefore cease to exist on the dominan","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"HECO":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","BKCH":"AdvisorShares Sabretooth ETF"},"translate_title":"随着矿工采取行动扭转被剥削的链，Ravencoin 跌至历史新低","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HECO":0.75,"BKCH":0.75},"content_text":"Ravencoin has fallen to a record low after an exploited consensus vulnerability put several days of RVN transactions at risk and led exchanges to suspend deposits and withdrawals.\n\n\nSummary\n\n\n\nRavencoin fell to an all time low of $0.002754 after a consensus vulnerability put several days of transactions at risk.\nMining pools 2Miners and RavenMiner are building a competing chain that could trigger a reorganization covering roughly three days.\nTransactions confirmed after block 4,487,775 could be reversed if the competing chain becomes dominant.\nUpbit and Bitget suspended RVN deposits and withdrawals while the network works to restore stability.\n\n\n\nAccording to CoinGecko, Ravencoin fell to $0.002754 on Wednesday, about 22% below its 24-hour high of $0.003529, as selling accelerated following details of the network problem. Trading volume climbed above $18 million during the sell-off before falling back to roughly $9.6 million, while RVN recovered slightly to around $0.00284 at the time of writing.\nThe decline came after Ravencoin disclosed on Tuesday that a consensus flaw had allowed vulnerable nodes to accept blocks that should have been rejected. The project traced the first known invalid block to height 4,487,776 on Aug. 7, leaving transactions processed over the following days exposed to a possible rollback.\n\nRavencoin Network NoticeA critical consensus vulnerability has been demonstrated and exploited on the Ravencoin network.The issue caused invalid blocks to be accepted by vulnerable nodes. The first known invalid block appeared at height 4,487,776 on 2026-08-07 15:44:01 UTC.…— Project Raven 🦅/ RVN / Ravencoin (@Ravencoin) August 10, 2026\n\nRavencoin exploit could trigger a three-day reorganization\nFollowing the discovery, mining pools 2Miners and RavenMiner began building a competing chain from block 4,487,776 that excludes the branch containing the invalid blocks. Ravencoin said the two pools control a majority of the network’s hash rate, giving their competing chain a chance to become the dominant version of the blockchain.\nIf that happens, Ravencoin could undergo a chain reorganization covering roughly three days of activity. A blockchain reorganization occurs when nodes replace a previously accepted sequence of blocks with another chain that has accumulated more valid proof-of-work.\nThe process carries direct consequences for transactions confirmed after block 4,487,775. Ravencoin warned that transactions included on the branch being replaced could disappear from the accepted blockchain, while affected transactions may not automatically return to the mempool or be mined again.\nFor users who sent RVN during the affected period, a transaction that previously showed confirmations could therefore cease to exist on the dominant chain if the competing branch overtakes it. Exchanges and other services accepting RVN also face the risk that deposits credited during the affected blocks could be reversed.\nExchanges suspend RVN transfers while miners rebuild the chain\nWith the competing chains unresolved, Ravencoin recommended that exchanges temporarily stop RVN deposits and withdrawals until the network reaches a stable state.\nUpbit suspended both deposits and withdrawals after detecting the network problem, although the South Korean exchange kept RVN trading available. Bitget also stopped RVN transfers as the network response continued.\nStopping transfers reduces the chance that an exchange credits an incoming transaction that later disappears during a reorganization. Trading can continue internally because trades between exchange users do not require each transaction to be settled immediately on the Ravencoin blockchain.\nA similar response has been used by exchanges during other blockchain security incidents. In June, Taiko asked exchanges to suspend TAIKO deposits after a compromise involving its chain-state verification mechanism, while the project stopped proposers from producing blocks during its response. The project later outlined a staged restart that called for fixes to be deployed and the finalized chain state to be checked before normal activity resumed.\nRavencoin has not provided a fixed timetable for when the competing chain will become dominant or when exchanges should reopen transfers. Its warning instead tied the resumption of normal activity to the network reaching stability after miners complete the chain recovery process.\nRavencoin has faced a protocol exploit before\nThe latest incident is not Ravencoin’s first serious protocol vulnerability. In July 2020, developers disclosed a separate flaw that attackers had used to create 315 million RVN outside the network’s intended issuance schedule, worth about $5.7 million at the time.\nAs crypto.news reported in 2020, the earlier vulnerability affected the logic governing the 5,000 RVN block reward and allowed additional coins to be created. The unauthorized issuance represented about 1.5% of Ravencoin’s maximum 21 billion token supply.\nThe project said at the time that the vulnerability did not allow attackers to directly steal RVN or other assets controlled by users. Instead, the exploit created coins that should not have existed, some of which were transferred to exchanges and traded before the problem could be contained.\nBecause the newly created RVN had already entered circulation and mixed with legitimate coins, the team said attempting to remove the tokens programmatically could harm users who had acquired them without knowing their origin. Developers initially withheld technical details of the flaw while a patch was prepared and advised miners and exchanges to upgrade.\nThe 2020 incident involved unauthorized token creation, while the current vulnerability concerns whether nodes accept blocks that comply with Ravencoin’s consensus rules. In the present case, the immediate recovery effort is focused on establishing a valid chain history rather than addressing excess RVN already introduced into circulation.\nRVN price breaks below its previous lows\nThe network disruption has also pushed Ravencoin below price levels reached only weeks earlier. On July 9, RVN was trading around $0.003734, with a market capitalization of roughly $61 million and a circulating supply above 16.34 billion tokens. At that point, the token had already fallen 12.88% over the preceding month.\nWednesday’s fall to $0.002754 took RVN below those July levels as traders reacted to the possibility that several days of blockchain history could be replaced. The token remained well below its February 2021 all-time high of $0.285218.\nRavencoin launched in January 2018 as a proof-of-work blockchain designed for issuing and transferring assets. Its mining system means miners provide the computing power used to order transactions and extend the accepted blockchain, making the chain currently being built by 2Miners and RavenMiner central to the network’s response.\nFor now, Ravencoin has advised exchanges to keep deposits and withdrawals disabled while the competing chain develops, with transactions confirmed after block 4,487,775 remaining subject to reversal if the miners’ replacement chain becomes dominant.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}