THELOGICALINDIAN - The Ethereum Classic ETC blockchain arrangement absent 56 actor to one miner afterward a 51 advance initially anticipation to be a alternation split
During the attack, the behind miner managed to double-spend 807,260 ETC ($5.6 million) afterwards spending 17.5 BTC or $200,000 (at time of writing) to access the assortment ability for the attack.
The ETC aggregation initially issued a account advising its audience to arrest interactions with the arrangement while antidotal accomplish were taken.
At the time, one of the developers at ETC, James Wo insisted the event “was not a 51% attack” while affirmation that the “offending miner went offline and was application old applicant software.”
The investigation by Bitquery now debunks ETC team’s antecedent theory.
According to Bitquery, the antagonist “mined 4280 blocks for four days.” It adds that “he did alone a little mining afore and chock-full mining afterwards the attack.”
In result, the miner “sent all the mining accolade money (13K ETC ) to abode 0x401810b54720faad2394fbe817dcdeae014066a1, area it resides at the time of writing.”
Bitquery’s address provides a timeline of how the adult advance abundant as able-bodied as the character of the crypto barter acclimated by the miner to facilitate the attack.
Meanwhile, the ETC aggregation now acknowledges the accident is in actuality an attack. In a account issued backward on 5 August the aggregation said:
Members of the ETC aggregation additionally said, “in ablaze of contempo arrangement attacks, it is recommended that all exchanges, mining pools, and added ETC account providers decidedly accession acceptance times on all deposits and admission transactions.”
Meanwhile, ETC Cooperatives says its administrator of developer relations, Yaz Khoury will be alive Bitquery to apprentice out “more about the contempo attack, including the attacker’s addresses, agent of hashpower, the breeze of funds, and added important details.”
In 2019, ETC suffered a agnate advance bidding some exchanges like Coinbase to anon cease interactions with the blockchain.
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