Major crypto exchanges are taking a watch-and-wait approach on whether to delist Ethereum Classic

Quick Take

  • Major crypto exchanges that spoke with The Block are closely monitoring Ethereum Classic to decide whether to delist the coin after it recently suffered two 51% attacks.
  • At least one exchange — Poloniex — did consider delisting ETC after the attacks, but ultimately decided against it. OKEx told The Block that it would be “forced to delist” ETC if the ETC community fails to prevent further attacks.
  • Terry Culver, CEO of ETC Labs, told The Block that the “real solution is to make mining ETC more profitable as soon as possible,” and that shifting to a new mining algorithm will take “at least 6-9 months.”
The Ethereum Classic (ETC) blockchain recently suffered two 51% attacks, and major crypto exchanges are now closely monitoring the ETC situation before they decide on whether to delist the coin.

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly


per year
Join Now


per month
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC