iNVEZZ.com:

The largest US cryptocurrency exchange Coinbase has suspended -ldquo;sends and receives-rdquo; Ethereum Classic (ETC) trading on its platform over suspicions that the network has suffered a 51% attack, an event where one entity controls 51% or more of a crypto network-rsquo;s hash rate.




Yesterday, Coinbase published a blog post, stating: -ldquo;On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend. In order to protect customer funds, we immediately paused interactions with the ETC blockchain.-rdquo; The company initially said that, subsequent to the event, it had -ldquo;detected 8 additional reorganizations that included double spends, totaling 88,500 ETC (~$460,000)-rdquo;. The firm later issued update, saying that it had detected -ldquo;12 additional reorganizations that included double spends, totaling 219,500 ETC (~$1.1M)-rdquo;.

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