Hackers attacked Ethereum Classic network for the second time in a week
The blockchain of the popular cryptocurrency Ethereum Classic has undergone a 51% Attack twice in the last week. As a result of the latest destabilisation in the network, 4,000 mined blocks were reorganised.
ETC transactions are temporarily suspended
Third-party interference became known from the twitter of the Ethermine mining pool, which temporarily suspended the withdrawal of ETC. Following Bitfly, the information was confirmed by the cryptocurrency exchange Binance, stopping operations with ETC.
First time hackers stole $5.6 million
The first attack on the Ethereum Classic network took place on the night of August 1. The hacker rented power from the NiceHash pool for $192,000 to using the double-spend principle and double his ETC balance. As a result of the fraudulent actions, the attacker withdrew 807 thousand ETC, which at the current exchange rate is equal to $5.6 million.
The damage from today's 51% Attack remains unknown.