The cyberattacker believed to be responsible for a 51 percent on the Ethereum Classic (ETC) blockchain has returned $100,000 in stolen proceeds, while keeping roughly $1 million. According to Gate.io, the funds were returned last week but it is not known why the cryptocurrency has been returned, or for what purpose — and efforts to contact the hacker have proved fruitless so far. More security news Government shutdown: TLS certificates not renewed, many websites are down Malware found preinstalled on some Alcatel smartphones What happens when the cops get hit with malware, too? Google search results listings can be manipulated for propaganda “We still don’t know the reason,” the cryptocurrency exchange said. “If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security.” This is a possibility, but even so, the potential ‘white hat’ has still kept a fortune in cryptocurrency for themselves following the attack. The ETC blockchain was the victim of what is known as a 51 percent attack starting on 5 January, leading to the theft of $1.1 million in the Ethereum Classic cryptocurrency. 51 percent attacks force a blockchain to reorganize and permit attackers to seize control over transactional power of a network. In this case, it is believed over 100 blocks were reorganized. If they manage to wrestle control of over 50 percent of the network, they are given leave to modify and execute transactions, as well… [Read full story]
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