Hacker swiped 17 million in second Ethereum Classic attack A near identical double-spend attack on the Ethereum Classic blockchain to one just days ago has seen almost 17 million stolen from exchanges

That fact was revealed today in a follow-up analysis carried out by blockchain intelligence company Bitquery. It shows how more than 465,000 ETC were allocated for a prospective double-spend attack versus exchanges, with nearly $1.7 million worth effectively transformed out of the vulnerable currency and into other digital properties..

In short

The second attack, which took place yesterday, almost identically resembles the 51% attack from last week, in a vibrant show of neglect for the potential consequences that include such a big and, consequently, well-documented break-in.

The only significant modification was the source of ETC sent out to exchanges in deals that were later on overwritten; this time, those funds originated from wallets that got funds in the previous attack, rather of moving ETC off of exchanges to be able to send them back later on.


The ETC 51% attacker is at it again, this time draining nearly $1.7 million from Bitfinex and a second unknown exchange.
The second attack was almost similar to the very first, committed just days previously.
Ethereum Classic Labs is pursuing legal action versus the enemy.

The Ethereum Classic opponent has scampered again with yet more millions.

The Bitquery analysis discovers that the enemy utilized the same methodology as the earlier July 31 attack, including the purchase of hash power from Nicehash service provider daggerhashimoto.


A near identical double-spend attack on the Ethereum Classic blockchain to one just days earlier has actually seen practically $1.7 million stolen from exchanges.

Hacker swiped $1.7 million in 2nd Ethereum Classic attack.

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The assailant had the ability to successfully spend approximately 143,000 ETC on an exchange identified as Bitfinex worth an estimated $1 million. A 2nd exchange Bitquery was not able to determine was likewise assaulted for about $680,000. The exploit, during which the assailant sent ETC to the exchanges while mining their own blocks to “& ldquo; delete & rdquo; those deals later, lasted about 15 hours in overall.


Following the 51% attacks and analysis that verified the amounts taken and numerous addresses related to the assailant, Ethereum Classic Labs enlisted the assistance of law practice Kobre and Kim and blockchain forensics firm CipherTrace to bring the offender to justice. CipherTrace CEO Dave Jevans suggested that both the theft of exchange funds and the infraction of the integrity of the Ethereum Classic blockchain itself were grounds for legal action. By Alexander Behrens.

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The aggressor was able to effectively invest around 143,000 ETC on an exchange recognized as Bitfinex worth an approximated $1 million. A 2nd exchange Bitquery was not able to determine was likewise attacked for about $680,000.