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ID:

gate-io-694

Date:

Status:

Incident Count:

January 7, 2019

Verified

2

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

271,000

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Recovered:

-

Rewards:

Currency:

USD, ETC

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Exchange

Assets

51% Attack

Extended Method:

51% attack

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Days in Operation:

0

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Researchers from crypto exchange Gate.io report they have confirmed that a 51 percent attack successfully occurred on the Ethereum Classic (ETC) blockchain. Gate.io reports that the incident occurred over a period of 4 hours between 0:40 and 4:20 Jan.7, 2019 UTC, during which the transactions were normally confirmed on the blockchain and then subsequently invalidated after the malign network rollback. The company published an analysis of their findings Jan. 8.

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