Ravencoin Price Plummets Amid Network Exploit and Competing Chain

Ravencoin's value plummeted to an all-time low on Wednesday as its network was hit by a consensus vulnerability, leaving several days of transactions at risk and prompting exchanges to suspend RVN transfers.

According to CoinGecko, the cryptocurrency dropped to $0.002754, about 22% below its 24-hour high of $0.003529.

The exploit, which was first noticed on Friday at block height 4,487,776, allowed vulnerable nodes to accept invalid blocks. Mining pools 2Miners and RavenMiner, which control a majority of the network's hash rate, are building a competing chain that excludes the exploited branch from that block onward.

Ravencoin warned that transactions confirmed after block 4,487,775 could be reversed and may not automatically return to the mempool or be mined again. The project recommended that exchanges halt deposits and withdrawals until the chain stabilizes.