Ethereum Classic Reportedly Hit by “Successful 51% Attack”

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Ethereum Classic (ETC) has been struck with some kind of block reorganization attack, likely either a 51% or a selfish mining attack.

The Coinbase team released a revealing post on the state of Ethereum Classic, making the claim that the coin had undergone a “deep chain reorganization.”

Coinbase said it had detected a so-called "chain reorganization" in which nearly $500,000 worth of ethereum classic was spent twice.

The twitter post expanded on the issue, saying;

“On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend.”

According to Coinbase, beginning on the 5th they began to see multiple, deep reorganizations to the...

Read More: https://bitzamp.com/ethereum-classic-reportedly-hit-by-successful-51-attack/