ETC 51% Attacker Returns $100,000

A crypto exchange says: “The recent ETC 51% attacker returned 100k USD value of ETC back to Gate.io. We were trying to contact the attacker but we haven’t got any reply until now. We still don’t know the reason. If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security.” The risks of hashing power security are well known, so no one needed a reminder. Raising the question of why exactly was ETC 51% attacked? You would think someone who has that much hash would be able to make quite a lot of money, legitimately and in an easily spendable way, by just mining. They would have mined something like 12,000 ETC a day with 50% of the hashrate, or circa $60,000. Meaning they would have mined close to $2 million in a…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE