Coinbase Disables ETC After Double Spend Attacks

A leading cryptocurrency exchange has been forced to halt trading of Ethereum Classic (ETC) after spotting double spend attacks amounting to over $1m. San Francisco-based Coinbase first detected the suspicious activity on January 5, noting a “deep chain reorganization of the Ethereum Classic blockchain that included a double spend.” This was followed by another 12 double spends, totalling 219,500 ETC ($1.1m).

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