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Recently, the blockchain network of Ethereum Classic has been reported for a 51% attack.
Based on a recent report from a popular cryptographic exchange – Gate.io, an anonymous individual or group returned a portion of the money that is said to have lost during the 51% attack. The exchange has announced that $ 100,000 USD in ETC have been paid in its official ETC portfolio.
A lesson for the Crypto community?
The return of this money has raised several questions about the intention of the people behind the 51% attack on the network. Some reports have labeled them as white-hat hackers.
According to the Gate.io team, the exchange did everything possible to contact those behind the payment but without success. Furthermore, the attackers did not provide any reasons for the return.
However, speculations in the cryptic community have favored the fact that "the aggressors are basically trying to raise awareness about the risks associated with the use of cryptocurrencies, the trade and the safety of a blockchain through the Labor Proof".
Gate.io also posted a post on his official blog that talks about the incident. Excerpt from the blog post reads:
"On January 10, we found that the recent 51% ETC striker returned ETC's 100k USD to Gate.io. We were trying to contact the aggressor, but until now we have not received no answer.We do not know why.If the attacker did not do it for profit, he could be a white hacker who wanted to remind people of the risks involved in blockchain consent and the security of hashing feeding ".
Team Gate.io said the attack could happen again
The Gate.io team also commented on the possibility that such an attack will occur again. Their reasons lie in the fact that renting the necessary hash power to get control of 51% of the ETC blockchain is quite cheap.
The exchange stated that:
"Based on our analysis, the hashing power of the ETC network is not yet strong enough, and it is still possible to hire enough hashing power to launch another 51% attack, Gate.io has increased the ETC confirmation number to 4000 and has launched a 51% detection for enhanced protection, and we suggest further ETC exchanges to take actions to protect the trader from the rollback / reorg blockchain. "
