Bitfly was the first to detect the reorg and encouraged all digital currency exchanges to halt ETC deposits and withdrawals immediately.
2Miners received initial reports of a considerable decline in the performance of Antminer E3 mining rigs while mining Ethereum Classic.
Coinbase has detected double spends on the Ethereum Classic (ETC) network over a three-day period worth a total of 88,500 ETC or about $460,000.
Bitcoin Cash did not proffer much movement and was trading at around $690 at press time—quite close to its yearly low with spiralling turnover.
The cryptocurrency market endured a torrid Wednesday, when all major coins had steep corrections with some dropping as much as 20%.
After a relatively positive three days, Tuesday proved to be another disaster for cryptocurrency with prices sliding by well over 10% in some cases.