Ethereum Classic network (ETC network) is crashing today, what's going on? Has ETC been hacked 51%?
Recently, a number of twitter posts stated that the Ethereum Classic network has stopped working due to some blockchain related glitches of ETC.
On the official twitter page of Ethereum Classic, the founder of Ethereum Classic Labs, James Wo, confirmed the issue.
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"ETC is having problems, the ETC Core development team is in the process of investigating what happened and will inform everyone soon"
Currently, ETC Core just said, "It is possible that the offending miner lost internet access for a while while mining, resulting in 12 hours of mining time and about 3000 blocks inserted"
It is currently not clear if this was an intentional act online.
Some people believe that ETC has been attacked by 51%, but Wo should wait for the final conclusion from ETC Core.
Member of the Ethereum Foundation, Hudson Jameson, said: "As soon as the incident was caught, some exchanges such as Binance suspended the deposit and withdrawal."
Previously, Ethereum Classic suffered a 51% attack in January 2019.