Hackers Exploit Vulnerability in Ravencoin Protocol to Mint 315 Million Fake RVN Coins

Ravencoin is the latest altcoin project to suffer an inflation bug, after discovering an attack that saw rogue actors mint 315 million counterfeit RVN tokens. Rogue actors were able to carry out the action as a result of a vulnerability in the Ravencoin protocol.

In response to the Ravencoin incident, Casa co-founder, Jameson Lopp listed some altcoin networks that have suffered similar incidents. According to the Zcash team, keeping mum was a better option to avoid hackers from exploiting the vulnerability.

Timeline of Ravencoin, Zcash