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Ethereum Traditional 51% Attackers Allegedly Returned $100,000 to Crypto Change – Information by Automobilnews.eu

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Ethereum Traditional 51% Attackers Allegedly Returned $100,000 to Crypto Change



The Ethereum Traditional 51 p.c attacker has reportedly returned $100,000 to cryptocurrency alternate Gate.io, a publish on the official alternate’s weblog studies on Jan. 12.

The corporate additional famous that they tried contacting the attacker however didn’t get any reply till now, and that they have no idea the rationale why the funds have been returned. The alternate declared:

“If the attacker did not run it for revenue, he is likely to be a white hacker who wished to remind individuals the dangers in blockchain consensus and hashing energy safety.”

A white hat hacker is a hacker with a robust skilled ethic who makes use of his hacking talents for good and never for private acquire. The jargon file, a staple of hacker tradition, additional explains:

“The time period white hat [stands] for an ally or pleasant safety specialist.”

On Jan. 9, Gate.io printed their evaluation of the 51 p.c assault, discovering {that a} whole of 54,200 ETC in whole (value $271,500 on the time), had been transferred through the time of the alleged hack. Main crypto alternate Coinbase individually acknowledged on Jan. eight that the entire sum of money concerned within the deep chain reorganization included over $1.1 million value of crypto.

Gate.io notes that the present hashrate of the Ethereum Traditional community is low and that it’s nonetheless doable to lease sufficient computing energy for an additional 51 p.c assault. Accordingly, the variety of required confirmations for Ethereum Traditional deposits has been raised to 4,000 on Gate.io to safeguard in opposition to extra such assaults.

As Cointelegraph just lately reported in a devoted follow-up, Coinbase had recognized a deep chain reorganization of the ETC blockchain that included a double spend on Saturday, Jan. 5. By the night of Jan. 7, the corporate had taken inventory of a number of double spends on the community.

Charlie Lee — the founding father of main altcoin Litecoin (LTC) — just lately declared that by definition a decentralized cryptocurrency should be inclined to 51 p.c assaults.



Ethereum Traditional 51% Attackers Allegedly Returned $100,000 to Crypto Change – Information by Automobilnews.eu
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