Key Developments
Multiple leading cryptocurrency exchanges are closely evaluating whether to delist Ethereum Classic (ETC) following two recent 51% attacks on its network. Exchanges like Poloniex have acknowledged considering delisting ETC post-attacks but have yet to finalize the decision.
Exchange Responses
- OKEx has warned that ETC could face forced delisting if further attacks occur, emphasizing the need for network upgrades to mitigate risks. CEO Jay Hao noted that while ETC’s popularity buys time, long-term viability depends on technical improvements.
- ETC Labs CEO Terry Culver advocates for profitability-driven mining adjustments but estimates a 6–9 month timeline to implement a new algorithm.
Community and Market Impact
The Ethereum Classic community faces mounting pressure to address vulnerabilities or risk exchange removals, which could significantly impact liquidity and investor confidence.
FAQ Section
1. Why are exchanges considering delisting Ethereum Classic?
Exchanges are reacting to two 51% attacks, which compromise network security and erode trust in ETC’s stability.
2. What would trigger a forced delisting?
Repeated network failures or unresolved security flaws could lead exchanges like OKEx to remove ETC from trading platforms.
3. How can Ethereum Classic avoid delisting?
ETC must upgrade its protocol to reduce attack risks and demonstrate sustainable mining incentives to retain exchange support.
👉 Explore secure trading platforms for Ethereum Classic
👉 Learn how exchanges handle high-risk assets
Keywords
- Ethereum Classic (ETC)
- 51% attack
- Cryptocurrency delisting
- OKEx
- ETC Labs
- Network security
- Exchange policies
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