Ravencoin’s blockchain is undergoing a multi-day reorganization after attackers exploited a critical software flaw that let invalid blocks enter the network, prompting miners to rebuild the chain from before Friday’s first bad block. Two dominant mining pools, 2Miners and RavenMiner, are constructing a replacement chain starting at block 4,487,775, potentially erasing several days of deposits, withdrawals and payments, while a recently released software fix cannot retroactively alter recorded history. RVN has dropped about 17%, with exchanges including Bitvavo and South Korea’s Upbit halting deposits and withdrawals. The project has not endorsed any chain version, leaving miners unusually influential over which recent transactions ultimately survive.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.