After the ETC 51% attacks and block reorgs, there has been a substantial amount of misunderstanding around how NiceHash actually works.
In its latest blog post, ETC Labs blames NiceHash for the 51% attacks taking place on the Ethereum network.
The Ethereum Classic (ETC) network suffered yet another 51% attack on August 29, resulting in a 7,000 block re-org.
ETC Labs has laid out both a short term and long term plan to protect the Ethereum Classic network from future 51% attacks.
OKEx has released a report explaining how the Ethereum Classic 51% attacker stole $5.6 million from the exchange on August 1.
ETC Labs has teamed up with law firm Kobre & Kim as well as blockchain analytics firm CipherTrace to trace the origin of the attack.
Ethereum Classic experienced a 4,000 block org as a result of a 51% attack, the second block reorg to take place on the network in five days.
Bitfly was the first to detect the reorg and encouraged all digital currency exchanges to halt ETC deposits and withdrawals immediately.