Ethereum Classic Labs joined forces with the law firm Kobre&Kim and the Analytics company CipherTrace to track down hackers who committed 51% attacks on the ETC network.
The CEO of Ethereum Classic Lab, Terry CULVER, said that it is planned to analyze transactions and identify attackers who need to be brought not only to criminal, but also to “technical” responsibility. Calver intends to prove that manipulating the open blockchain to steal crypto assets has serious consequences.
CipherTrace CEO Dave Jevans called these attacks not just a major theft, but also a violation of the integrity of the blockchain.
“We need to track the movement of stolen coins and prevent hackers from converting them into cash. Accountability will prevent further attacks, ” Said ciphertrace chief Executive Dave Jevans.
On August 1, the Ethereum Classic blockchain was attacked by 51%, during which 3,693 “extra” blocks were added and 807,260 ETC were stolen. Later, another 51% attack was made on the network. By
according to Bitquery, 4,236 blocks were reorganized. In the second attack, the attacker tried to re-spend 465,444 ETC (about $ 3.3 million), but only managed to do so with 238,306 ETC. As a reward for blocks, he received 14,200 ETC.
Recall that last month, a similar attack was carried out on the Bitcoin Gold network, during which hackers tried to distribute 1,300 of their blocks on the network. And In April, the pegnet miners deceived the network by submitting data that artificially inflated the price of the pjpy stablecoin, and tried to withdraw tokens worth $6.7 million.