51% Attack Bleeds More Than $5M From Ethereum Classic

Cointelegraph

Published Aug 05, 2020 09:55PM ET

Updated Aug 05, 2020 11:40PM ET

A recent 51% attack that impacted Ethereum Classic (ETC) is believed to have resulted in approximately $5.6 million worth of the cryptocurrency being double-spent.

A report published by Aleksey Studnev of blockchain forensics firm Bitquery on August 5 has revealed the extent of the incident, with Bitquery estimating that the attacker made off with 807,260 ETC.

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