Crypto trading platform Coinbase has increased the confirmation time for ETC deposits to two weeks. The decision has reportedly been made as a result of the recent 51% attacks suffered by the currency. According to the exchange:
"Given the recent network attacks on Ethereum Classic, we have increased the confirmation time for ETC sent to Coinbase & Coinbase Pro to ~2 weeks. We are actively monitoring the situation and will provide updates as they become available."
The Ethereum Classic network suffered two 51% attacks last week. These attacks reportedly allowed hackers to steal $5.6M and $1.68M.
The crypto community has criticized Coinbase's measure, as they wonder why the exchange has not decided to simply delist Ethereum Classic instead of imposing these restrictions:
"Just delist it. Give people time to sell and delist it. Stop supporting scam projects."
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.