Following a recent 51% attack on Etherum Classic network, 100k USD worth in tokens has now be returned by the hacker or the organization behind the act.
This news was first published by crypto exchange ‘Gate.io’ on their official website a couple of days back.
As soon as word of this aforementioned development came to the forefront, the folks over at Gate.io tried to contact the hacker so as to find out his/her real motives behind this act. However, at press time, their attempts have yet to bear any fruit.
“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 exchange warned that the hashing power of ETC network is “still not strong enough” and that another 51 percent attack is still possible.
A cryptocurrency enthusiast, by the name, Kelvin Rooke, hinted that Ethereum Classic outperformed Ethereum by 7%.
He said: “Last week Coinbase announced a 51% attack on Ethereum Classic worth over $1 million in double-spends. Since then, Ethereum Classic has *outperformed* Ethereum by 7%.”
While many say it may not be a 51% attack, because the hack heightened the value of ETC, some are of the opinion that some miners are planning to switch to ETC and see if the blockchain is opened to mining, rather than follow the POS trend embarked on by ETH.