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$100k Of ETC 51 Percent Hack Returned to Exchange


Last week saw Ethereum Classic fall victim to a 51 percent hack and now, the hackers have returned $100,000 in ETC to the Gate.io cryptocurrency exchange.

On Saturday, the cryptocurrency exchange said that $100,000 in Ethereum Classic has been returned after a recent hack. In the announcement for the news, the exchange further said that it tried to contact the 51 percent hacker but it hasn’t received any reply so far by adding “we still don’t know the reason. If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people of the risks in blockchain consensus and hashing power security.”

The Gate.io exchange had warned that the hashing power of the Ethereum Classic network is “still not strong enough” and that another 51 percent attack still has the potential to occur again.

The news about the attack came out last week when the cryptocurrency exchange had confirmed it had lost 40,000 Ethereum Classic. For those that don’t know a 51 percent attack…



Read Full Story : Crypto Daily™

2019-01-14 10:30:00

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