Upcoming forks in Ethereum and Ethereum Classic have given opportunity to scammers. Two alleged “hard fork” versions are trying to steal money from users of both. Ethereum Nowa claims to be forking away from ETH. Ethereum Classic Vision claims to fork away from ETC. These forks are allegedly in response to regularly scheduled network upgrades … Read more
Cryptocurrency exchange Gate.io confirmed that it had lost about $220,000 worth of Ethereum Classic coins – about 40,000 ETC – during the ongoing manipulation of the project’s blockchain network. The exchange confirmed Tuesday that the Ethereum Classic blockchain was under 51% attack – in which a single entity takes control of more than half the … Read more
A blockchain security research firm called Slowmist has released a full report on the attack that recently took place against Ethereum Classic. The report indicates that several exchanges are the victims of a concerted 51% attack. Notably, the researchers report that the attack begins January 5th at 19:58:15 UTC. Days pass before anyone notices. The … Read more