After Second Double Spend Attack, Ethereum Classic’s Future Is in Question | Crypto Briefing

Key Takeaways

  • Etherfly notified the public that a malicious entity gained 51% control over the blockchain and changed the contents of over 3,800 blocks twice since August 1.
  • The first attack resulted in a direct double spend, with the attacker recording a gross ROI of 27x.
  • The Ethereum Classic community must band together to fix the situation or risk a permanently erosion of trust in the blockchain.

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