Ethereum Classic (ETC) 51% attacker may soon be located

16 Jan, 2019
by David Robb
Hack
Ethereum Classic (ETC) 51% attacker may soon be located

A security team may be close to finding out who was responsible for last week's 51 percent attack on the Ethereum Classic (ETC) network. According to a tweet from the ETC account, SlowMist now has enough information to locate the attacker.

The 51 percent attack that was carried out on ETC, whereby a malicious actor who controlled over half of the network's hashing power was able to reorganize the blockchain and double-spend tokens, was discovered after around 4 days. In this time, over $100,000 worth of ETC was effectively stolen. This sum has, however, since been returned to the various exchanges that it originated from,

Read more: Yobit exchange reports that ETC hacker has returned 94% of coins

ETC now reports that blockchain security team SlowMist has conducted an investigation into this attack. SlowMist also reported that its investigation had come to a close, and that 100 percent of the stolen funds have now been returned.

The investigation itself may have been what caused the funds to be returned, as whoever was responsible for the attack felt that SlowMist was closing in on their identity or location. It was laso suggested that the attack may even have been carried out by a benevolent hacker, intending to demonstrate the vulnerabilities of the network.

Read more: David Vorick: "2019 is the year of the 51% attack"

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Read more about: Ethereum Classic (ETC)

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