mETH Classic 51% front for exchange theft
January 11, 2019 —
shinohai
The 51% on the ETC network reported earlier this week appears to have been orchestrated by enterprising individuals who managed to rewrite tx history and make off with $220K USD worth of ETC from shitcoin exchange Gate.io. (archived)
The exchange reported that the SFYL occured between 0:40 Jan.7, 2019 and Jan 4:20 Jan.7, 2019 UTC and lasted a mere 4 hours.
"All the transactions were confirmed normally on the ETC blockchain and became invalid after the blockchain rollback."
US based exchange Conbase also reported a "$1 Million USD loss" of ETC using the same methods during the attack window. Gate.io announced it would be absorbing the cost of the SFYL for it's customers.
Tags: News, Bitcoin, Cryptocurrency, SFYL, Lulz
