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CoinPouch hack Over $655,000 worth of Verge cryptocurrency was stolen by hackers


Hackers allegedly stole over $655,000 (£490,000) worth of Verge cryptocurrency from the CoinPouch wallet this week, which appears to have sparked a blame game between the CoinPouch and Verge about what caused the hack. Both CoinPouch and Verge have confirmed the hack.

However, while CoinPouch blamed the hack on the Verge node, the firm set up to handle Verge transactions for its users, Verge maintains that CoinPouch was hacked because the app "wasn't secured properly on their side".

Coinpunch via Twitter:
We discovered a hack of a @vergecurrency node that is connected to Coinpouch which resulted in the loss of user's funds. We are preparing a statement of the hack and the actions we are taking regarding the hack.


Please be aware that our efforts to investigate the Verge node hack will be hampered due to the current Thanksgiving Holiday in the U.S. which may slow down the efforts of attorneys, forensic labs, and law enforcement authorities involved in this matter.

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