On January 5, 2019, the ETC blockchain was hit by a 51 percent attack leading to the theft of $1.1 million in the Ethereum Classic cryptocurrency. Five days later, the attacker who was responsible for the 51 % attack on the Ethereum Classic (ETC) blockchain has returned back $100,000 from the stolen $1.1 million.
The attacker might be a white hacker
Gate.io found on January 10, 2019, that the attacker who was behind the 51 % attack on the Ethereum Classic (ETC) blockchain has returned back $100,000 to Gate.io. Gate.io said that the reason for returning the stolen funds remains unknown.
However, Gate.io suspects that if the attacker didn't steal the funds for profit, then he might be a white hacker who wanted to warn the people of the potential risks in blockchain consensus and hashing power security.
“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,” Gate.io said.
The analysis carried out by Gate.io revealed the following insights.
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