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Tag Archives: 51

Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say

Prosecutors say that a group of bitcoin traders in Taiwan ran a $51 million crypto scam. | Source: Shutterstock Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose …

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Ethereum Classic’s 51% Attacker Returns Stolen Cryptocurrency

At the beginning of January, (ETC) experienced a that resulted in multiple block reorganizations on the Ethereum Classic chain. The attacker stole an estimated $100,000 in ETC tokens but later returned the tokens, according to the gate.io exchange—from where the theft occurred. ECT 5-Hour Chart ETC’s price took a slight …

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If a Cryptocurrency Can’t Be 51% Attacked, Then It Isn’t Decentralized

Recently, 51% attacks have gained some attention in the media due to the recent double-spending attacks on the Ethereum Classic network. This could turn into a growing trend as many altcoins are susceptible to this kind of attack. While most of the recent coverage has been focused on the security …

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51 percent Ethereum Classic hacker returns $100,000 in stolen cryptocurrency

As per the post on the official exchange’s blog reports on JANUARY 12, 2018, the Ethereum Classic 51 percent aggressor has allegedly refunded $100,000 to crypto exchange Gate.io, The business additionally informed that they were communicating the aggressor however they did not get any reply till now and that they …

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51 percent Ethereum Classic hacker returns $100,000 in stolen cryptocurrency

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 …

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New Blockchain Products, an FBI Raid, the $11 Billion Bitcoin Case, Hackers Strike With a 51 Percent Attack and Crypto Tax Analysis | BakerHostetler

Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations. This Privacy Policy describes how JD Supra, LLC (“JD Supra” or “we,” “us,” or “our“) collects, uses and shares personal data collected from visitors …

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Cryptocurrency: What is a 51 percent attack and how could hackers bring down bitcoin?

Hackers have once again managed to syphon millions of dollars from a cryptocurrency thanks to a fundamental weakness in its underlying technology. A so-called 51 per cent attack on ethereum classic, a spin-off of the world’s second most popular cryptocurrency, saw cyber criminals make away with more than $1.5 million (£1.2m) …

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Bitcoin [BTC] 51% attack is really hard, says core developer

Earlier this week, Ethereum Classic turned out to be the most controversial cryptocurrency in the market. The leading coin was under the community’s scrutiny as its blockchain succumbed to a deep chain reorganization that included double spend. The announcement regarding the 51% attack was first made by Coinbase, a leading cryptocurrency …

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Single Entity Reportedly Controlling 51% of Dash Cryptocurrency’s Hashrate

/latest/2019/01/single-entity-reportedly-controlling-51-of-dash-cryptocurrency-s-hashrate/ Dash (DASH), an open-source digital currency platform and a form of decentralized autonomous organization (DAO), has recorded about 1,900 Terahashes per second (at the time of writing). Significantly, NiceHash (a Slovenia-based cryptocurrency cloud mining marketplace for hashing power) has been responsible for over 1,000 TH/s across more than 25,000 …

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After Ethereum Classic Suffers 51% Hack, Experts Consider

After Ethereum classic suffers an anonymous 51% hack, what’s the possibility that Bitcoin will be next?Getty It took 24 hours to notice but on the 5th January 2019, Ethereum Classic (ETC), better known as Ethereum’s (ETH) little brother, was hacked using a rare 51% attack. In essence, a single person …

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