Cryptocurrency trade Gate.io stated Saturday that $100,000 in ethereum basic has been returned following a current hack.
In an announcement, the trade additional stated it tried to contact the 51-percent attacker, however has not acquired any reply to date, including:
“We still don’t know the reason. If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people of the risks in blockchain consensus and hashing power security.”
The change warned that the hashing energy of ETC community is “still not strong enough” and that one other 51 % assault continues to be attainable. As of press time, ETC is buying and selling at $four.34, in accordance with data from CoinMarketCap.
Last week, Gate.io confirmed it had lost about 40,000 ETC (value almost $200,000 on the time) in a 51 % assault – an incident the place greater than 50 % of a blockchain’s computing energy is aggregated and managed by one group to vary the community’s transaction historical past and probably to double-spend cryptocurrencies.
The trade on the time recognized three addresses that it stated have been tied to the attacker in query. In its Saturday publish, the trade stated that it has launched a “strict 51% detect for enhanced protection.”
Another crypto change, Bitrue, additionally confirmed it was affected by the 51-percent assault. According to its official Twitter account, the attacker had tried to withdraw 13,000 ETC however had been stopped by its system.
China-based safety agency SlowMist first detected the 51 % assault and detailed the event in a weblog submit on Wednesday final week, and stated it was prepared to work with Gate.io, Bitrue, and Binance with a purpose to find the attacker.
Ethereum picture by way of Shutterstock