On Sunday, rumors spread around the community that there had been a double-spend attack on Ethereum Classic. The team behind the project immediately responded to the rumors, to ease investors.
There have been rumors of a possible chain reorganization or double spend attack.
From what we can tell the ETC network is operating normally.
— Ethereum Classic (@eth_classic) January 6, 2019
Since Sunday, the Ethereum Classic attack has been confirmed, and the culprit has fessed up. During the week, the devs behind the project asked exchanges and pools to significantly increase their ETC confirmation times. Many in the community felt the Ethereum Classic team was trying to downplay the extent of the situation.
To be clear we are making no attempt to hide or downplay recent events.
Facts are facts and as the situation develops we’ll soon get a full picture of what actually took place.
Linzhi is testing ASICS. Coinbase reported double spends; both may be true.
In time we will see. https://t.co/bbq6eqIoiS
— Ethereum Classic (@eth_classic) January 7, 2019
Ethereum Classic Attack Uncovered
The devs behind the project have officially responded with all the information they’ve dug up on the matter and expanded it into two posts.
A community organized call was conducted to go over the main points regarding the recent attacks on ETC, analyze the community reaction, and diagnose possible solutions and next steps.
Post Mortem Meeting Ethereum Classic ETC – Jan. 2019 Reorg Attacks https://t.co/EFvysXST9g
— Ethereum Classic (@eth_classic) January 10,