Breaking: Coinbase Says Ethereum Classic Attack Included $500,000 in Double Spends


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Contradicting reports from the Ethereum Classic camp, cryptocurrency exchange giant Coinbase announced this afternoon that the apparent ETC blockchain reorganization attack had been accompanied by around half a million dollars in double spends.

Coinbase Detects Double Spends on Ethereum Classic Network

According to Coinbase, the firm first identified the deep chain reorganization on Jan. 5, at which point it halted on-chain ETC payments to protect customers — and the crypto exchange itself — from falling prey to a double spend attack.

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