Home / Blockchain / Ethereum Classic Undergoes Likely 51% Attack With 3693-Block Chain Reorganization

Ethereum Classic Undergoes Likely 51% Attack With 3693-Block Chain Reorganization

Ethereum Classic (ETC) suffered a 3,693-block chain reorganization early Saturday morning, an attack first noticed by cryptocurrency miner Bitfly.

Update (August 1, 15:17 UTC): This article has been updated with an estimate of the attack cost.

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.


Source link

Check Also

Coinbase Senior Software Engineer Left This Week, Unclear If Departure Linked to New Policy

Andrei Anisimov, whose LInkedIn profile still describes him as a “Senior Software Engineer” at Coinbase, ...

Leave a Comment:

Your email address will not be published. Required fields are marked *