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Security – Page 80 – DIGIT INFO

$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network

The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split. During the attack, the offending miner managed to double-spend 807,260 ETC ($5.6 million) after spending 17.5 BTC or $200,000 (at time of writing) to acquire the hash power for the attack. The … Read more

Single Miner Reorgs Ethereum Classic – Devs Report a Chain Split

Members of the Ethereum Classic team reported that the network suffered a reorganization today. The blockchain network is asking service providers to halt deposits while it carries out maintenance of the chain. The latest event follows a similar attack in January 2019, which led to some exchanges taking pre-emptive action. Both Ethereum Classic (ETC) and … Read more

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