Cryptocurrency Q&A
What is the Ethereum Classic scandal?
What is the Ethereum Classic scandal?
Daniele
Sun Dec 29 2024
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5 answers
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The Ethereum Classic scandal involves a series of controversial events related to the Ethereum Classic blockchain, including a major hack in 2020 that resulted in the theft of millions of dollars worth of Ethereum Classic tokens, as well as allegations of insider trading and market manipulation surrounding the incident.
5 answers
Chloe_jackson_athlete
Tue Dec 31 2024
It represents the original version of Ethereum, a digital asset that was first introduced to the world in July 2011.
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Martino
Tue Dec 31 2024
However, following a significant event in 2016, the Ethereum blockchain underwent a hard fork, leading to the emergence of the Classic prefix for this particular branch.
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Isabella
Tue Dec 31 2024
The catalyst for this split was a major scandal involving the hacking of The DAO, a decentralized autonomous organization built on the Ethereum platform.
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lucas_taylor_teacher
Tue Dec 31 2024
This hacking incident resulted in the theft of a staggering 4 million ETH, prompting a significant portion of the community to support a hard fork in order to restore the stolen funds.
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GinsengBoost
Tue Dec 31 2024
Ethereum Classic, also known as ETC, holds a unique position in the cryptocurrency landscape.
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