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Ethereum cryptocurrency suspended after attackers steal nearly $1.1M

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Coinbase delisted Ethereum Classic (ETC) after detecting “a deep chain reorganization of Ethereum Classic blockchain.” Put another way, nearly $500,000 was spent twice. As pointed out by ZDNet, Bitfly confirmed there had been a successful 51 percent attack on ETC. Coinbase later updated the post, saying, “The total value of the double spends that we have observed thus far is 219,500 ETC (~$1.1M).”

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