Ethereum Classic’s Price Stumbles Amid Suspected 51% Attack
The price of ethereum classic is pulling back as a result of a recently reported attack that resulted in a series of blockchain history rewrites.
Three 51% attacks on the Ethereum Classic network have not yet made a significant impact on the price of its cryptocurrency.
Shaken by weeks of network-overwhelming hacks, ETC Labs has outlined its security response.
Ethereum Classic wants to play in the decentralized finance (DeFi) space of the blockchain from which it contentiously split in 2016.
Cryptocurrency exchange Gate.io said Saturday that $100,000 in ethereum classic has been returned following a recent 51-percent attack.
Cryptocurrency exchange Gate.io has corroborated claims that the ethereum classic network is under a 51 percent attack, disclosing a loss of 40,000 ETC.