Ethereum Classic 2019 attack

GPTKB entity

Statements (16)
Predicate Object
gptkbp:instanceOf blockchain security incident
gptkbp:alsoKnownAs gptkb:Ethereum_Classic_51%_attack
gptkbp:detects gptkb:Coinbase
gptkbp:enemyOf gptkb:51%_attack
gptkbp:estimatedLoss over $1 million
gptkbp:exploits low network hash rate
https://www.w3.org/2000/01/rdf-schema#label Ethereum Classic 2019 attack
gptkbp:notableFor highlighting risks of proof-of-work blockchains with low hash rates
gptkbp:occurredIn January 2019
gptkbp:response Binance halted ETC transactions
Coinbase halted ETC transactions
gptkbp:resultedIn double spending
blockchain reorganization
gptkbp:target gptkb:Ethereum_Classic_blockchain
gptkbp:bfsParent gptkb:51%_attack
gptkbp:bfsLayer 5