AurumCoin Users Face Losses in a 51% Attack

Summary # In November 2018, AurumCoin (AU), a relatively lesser-known cryptocurrency, was hit by a 51% attack. During the attack, an anonymous entity was able to gain control of a majority of the network’s hash rate, which enabled them to alter the blockchain ledger and perform double-spend transactions. The attack resulted in the loss of 15,752.26 AurumCoins from the Cryptopia exchange, which was valued at approximately $500,000 at the time. ...