Over $1M double-spent in latest Ethereum Classic 51% attack
ETC Labs has teamed up with law firm Kobre & Kim as well as blockchain analytics firm CipherTrace to trace the origin of the attack.
Latest 51% attack News
Ethereum Classic suffers second 51% attack in a week
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.
Ethereum Classic experiences 51% attack and 3,000 block reorg
Bitfly was the first to detect the reorg and encouraged all digital currency exchanges to halt ETC deposits and withdrawals immediately.
Miner ID and debunking the 51% attack
Despite 51% attacks being debunked, those who misunderstand the nature of proof of work chains continue to bring this up as a concern.