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- Syscoin’s blockchain compromised as 1 SYS trades for 98 Bitcoin on Binance
Posted by : Brij Bhushan
Tuesday 3 July 2018
It appears that Syscoin (SYS) cryptocurrency’s blockchain has been compromised. Syscoin’s blockchain explorer shows that more than one billion of its coins were mined in a single block. This is peculiar because the cryptocurrency’s total possible supply is 888 million — significantly less than the mined amount in the block number 87670. Syscoin confirmed on Twitter that its blockchain has been compromised, and stated that it has asked all cryptocurrency exchanges to halt its trading for the time being. The company hasn’t been able to determine the cause of the vulnerability yet. We are investigating a possible issue on the…
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