UPDATE: XVG isn’t leaking the IP Addresses, The site xvg.keff.org just grabs the transaction ID and adds a random IP address. We’re not here for creating any FUD, we’re here to deliver updates that most of the sites on Crypto don’t cover. We do report things, sometimes even a Reddit comment is a source of information. So, if you feel it’s wrong, get in touch.
Previous story: Making the news almost every day for the past couple of weeks, Verge (XVG) is a currency which is quite controversial. While there has been a lot of controversy around the Wraith Protocol not actually being what it was promised to be, it now appears as if the privacy-focused Verge is allegedly leaking the IP address of their users!
XVG has been witnessing a constant hike in price ever since they announced the Wraith Protocol. However, a major spike came when John McAfee promoted it via his Tweets. While the biggest USP of Verge is the fact that it is all about privacy and being ‘untraceable’, if the allegations of leaking the IP addresses are proven to be true, Verge might be in big trouble.
There have already been many questions raised on Verge and its claims about privacy. However today a website (xvg.keff.org) is displaying IP addresses of users who have made transactions in XVG. As of now, it is unknown who runs the website.
As of now the IP addresses listed on the Keff are of those users who have transacted via the Verge CoreWallett. However, they are also going to list out IP addresses of users who transacted via the Electrum XVG wallet soon. The concerns around ‘privacy’ of XVG, which has been rising on the basis of anonymity and being untraceable are shocking. If proven to be true, this would severely hurt the credibility of the coin.
While the allegations around XVG’s privacy pile up, the company’s official stance is: “Verge uses multiple anonymity-centric networks such as Tor and I2P. The IP addresses of the users are obfuscated and the transactions are completely untraceable.”
In addition to privacy concerns, XVG is also controversial due to the fact that the cryptocurrency is being manipulated by ‘whales’ who are people who hold a significant amount of the currency and have the power to influence the pricing trends. Stay tuned to us for more details on XVG’s privacy concerns emerge.