Ethereum Classic, a fork of Ethereum, was hacked using a 51 percent attack on the coin’s blockchain, with more than $1 million worth of ETC stolen so far.
Ethereum Classic Remains Under Siege
A less popular offshoot of the world’s second largest cryptocurrency is currently in its third day of the siege, as it was hacked using a 51 percent attack on Jan. 5th.
The hack was first noticed by Coinbase, which issued a statement on Jan. 7th saying that it had found “deep reorganizations” of the Ethereum Classic blockchain. Anthony Lusardi, U.S. director of the Ethereum Classic Cooperative, confirmed the news to Bloomberg on Jan. 8th, saying that 12 instances of double spending of Ethereum Classic tokens were noticed so far.
CCN | https://cryptoslate.com/ethereum-classic-loses-1-million-51-attack/
Topic: Ethereum Classic Network Loses More than $1 Million In 51% Attack (Read 81 times)
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