Ethereum Classic hit by another 51% attack

Ethereum Classic (ETC) has suffered another 51% attack on Thursday, August 6, where over 4,000 blocks were reorganized. The news was first revealed by Bitfly, a mining operator, and Binance exchange on their respective Twitter handles. Bitfly was quick to halt ETC payouts to miners while Binance’s system automatically halted withdrawals and deposits of the estranged coin. Moments later, Ethereum Classic tweeted urging exchanges, mining pools, and all ETC service providers to raise confirmation times significantly on incoming deposits and transactions. The reorganized blocks following this attack have become the longest chain ever witnessed on the network. During last week’s