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Ravencoin (RVN) price hit a record low after a consensus exploit threatened to reverse transactions. Mining pools are attempting a chain rollback.
Ravencoin (RVN) fell to a record low of $0.002754, a roughly 22% drop, after a consensus exploit forced major mining pools to attempt a network rollback that could reverse three days of transactions [1, 3].
| At a glance | |
|---|---|
| Price | $0.002754 [1] |
| 24h Move | -22% (vs. 24h high) [1] |
| Catalyst | Consensus exploit/invalid blocks [1] |
| Key Level | Block height 4,487,776 [1, 3] |
The cryptocurrency dropped to its all-time low on Wednesday as a consensus vulnerability allowed invalid blocks to be added to the network, prompting exchanges to suspend RVN transfers [1]. Trading volume climbed above $18 million during the sell-off before easing to about $9.6 million, while RVN recovered slightly to around $0.00284 [1]. The project disclosed that vulnerable nodes began accepting invalid blocks at height 4,487,776 on Friday, Aug. 7, following a demonstration of the flaw on the mainnet [1, 3].
Mining pools 2Miners and RavenMiner, which Ravencoin says control a majority of the network's hash rate (computing power), are constructing a competing chain that excludes the exploited branch [1, 2]. If this chain becomes dominant, the network will undergo a reorganization—a rewrite of blockchain history—though sources differ on the scope, with CoinDesk reporting a potential four-day rollback and Cointelegraph and Decrypt citing roughly three days [1, 2, 3]. Ravencoin warned that transactions confirmed after block 4,487,775 could be reversed and may not automatically return to the mempool, the waiting area for unconfirmed transactions [1].
The incident demonstrates the centralization risks inherent in smaller proof-of-work networks, where a few mining pools hold the power to rewrite transaction history [2].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 12, 2026 · How we report
The price rose after Binance Pool announced a new RVN mining pool, offering 1% fees and attracting miners displaced by Ethereum’s shift to proof‑of‑stake.
A critical consensus vulnerability allowed invalid blocks to be added, leading the two largest mining pools to rebuild the blockchain from before the first bad block, risking reversal of recent transactions.
Bitvavo suspended RVN deposits and withdrawals, and Upbit placed a warning and halted deposits, citing the vulnerability and potential transaction reversals.