Bitcoin Association confirms that the attacks against the Bitcoin SV network—which started in early July—have resumed this week and are perpetrated “by a malicious actor attempting to illegally double-spend BSV coins.”
The malicious reorganization attacks on the BSV blockchain were simply an act of terrorism meant to scare away investors and dry up liquidity by closing down exchange hubs, Kurt Wuckert Jr. writes.
The filing says that following the July attack on BSV which saw malicious double spending of ‘fake’ BSV tokens, hackers were able to defraud at least 43 Bitmart customers.
In this ongoing weekly series with sCrypt founder Xiaohui Liu, Dr. Craig Wright talk more about miner (transaction processor) incentives and how Bitcoin's economic rules help to keep the system honest.
Despite the disruption and confusion as to what actually happened, it's important to note that blockchain re-organizations have been a fairly common occurrence in blockchain history.