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The news or the "unconfirmed rumors" that Ethereum Classic is undergoing a chain reorganization and that it was under double-spending attack seems to have become a reality. This was reported for the first time by the SlowMist security company and, in the last couple of hours, the blockchain underwent several reorganizations of blocks, as reported by the Ethereum Classic BlockScout explorer. .
Ethereum Classic informs trade and mining tanks with higher confirmation times
Today, a certain section of the media has released reports that according to the Chinese security company SlowMist, the Ethereum Classic (ETC) network is subject to a 51% possible attack and has recommended encryption exchanges with ETC lists to strengthen their guards . This news has even led to a sudden drop in prices for Ethereum Classic.
Although, things have been clarified by the official Twitter handle of Ethereum Classic that mentioned that the news floating in the media on the double-expense attack and the reorganization of the chains were rumors and they also published a framework that did not provide for any reorganization. The tweet also confirmed that there were no problems with the blockchain.
There were rumors of a possible chain reorganization or double expense attack.
From what we can say that the ETC network works normally.
The "Reorg" section of BlockScout does not show anything whatsoever. Https: //t.co/Yi2cXusCz9 pic.twitter.com/HdUtS0DJZK
– Ethereum Classic (@eth_classic) 6 January 2019
But it seems that, since Ethereum Classic has cleaned up the air, the chain reorganization movement has taken hold. There are several blocks in the last few hours that are reorganized.
Ethereum Classic has yet to officially confirm, but the "noisy" attack news seems to be true.
The news is further fueled by a recent one Tweet Ethereum Classic has advanced, where it responded on the attack news and has informed several grants and mining pools to allow significantly higher confirmation times on withdrawals and deposits (+400).
For all exchanges and mining pools, please allow significantly higher confirmation times on withdrawals and deposits (+400)
cc @OKEx @ExchangeXGroup @HuobiGroup @digifinex @binance @bitfinex https://t.co/m5cxcKBVXa
– Ethereum Classic (@eth_classic) January 7, 2019
While updates are still ongoing, some Twitter accounts have sent messages related to the confirmation of the attack.
The Ethereum Classic (ETC) blockchain is under attack.
The confirmation time is increased to 200 blocks at the time for ETC pools.
We will keep you updated. pic.twitter.com/UIMQ7UK55s– 2Miners (@ pool2miners) January 7, 2019
Another Twitter account has sent a tweet indicating "One $ ETC Private Pool Claim over Hashrate Network of 51%".
"The Chinese security company blockchain SlowMist has sent a warning that the Ethereum Classic (ETC) network may have been targeted by a 51% attack."
Exclusive: one $ ETC Private Pool Claimed over 51% of Hashrate's network https://t.co/thv4sI1P95
– Classic is Coming (@ClassicIsComing) January 7, 2019
Although there is still no confirmation from any of the developers of Ethereum Classic, the evidence gathered shows that not everything is good at Ethereum Classic. The chain is definitely reorganized and the waiting time for confirmation has also increased. Information about the associated loss will be clear only when Ethereum Classic makes an official announcement.
What are your opinions on this Ethereum Classic attack? Let us know your opinions on the same
Summary
Item name
Has the Ethereum Classic blockchain been attacked? Several blocks are reported Go Under Reorg
Description
The news or the "unconfirmed rumor" that Ethereum Classic is undergoing a chain reorganization and has been subjected to a double-expense attack, which was reported for the first time by the security firm SlowMist, seems to have become a reality. During the last two hours, the blockchain has undergone several reorganisations of blocks, as reported by ExplorScout of Ethereum Classic.
Author
Nilesh Maurya
Publisher name
Coingape
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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.
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