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 […] The post $5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network appeared first on Bitcoin News.
$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network
Bitcoin.com - 6 Aug 2020 19:00
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 […] The post $5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network appeared first on Bitcoin News.
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