Ravencoin Plunges to All-Time Low Amid Network Exploit
Ravencoin has hit an all-time low after a network exploit put transactions at risk and prompted exchanges to suspend RVN transfers.
The vulnerability, which affects mining pools controlling most of Ravencoin's hash rate, allows them to build a competing chain that could trigger a three-day reorganization.
The issue has caused vulnerable nodes to accept invalid blocks, with the first known instance appearing at height 4,487,776 on Friday. Similar invalid blocks appeared after the flaw was demonstrated on the mainnet.
Ravencoin dropped to $0.002754, about 22% below its 24-hour high of $0.003529. Trading volume climbed above $18 million during the sell-off before easing to about $9.6 million, while RVN recovered to around $0.00284 at the time of writing.
The exploit has left several days of transactions at risk, prompting exchanges to suspend RVN transfers.