August 18, 2020 Exchanges consider delisting ETC following consecutive security breaches.

OKEx leadership confirmed this week that the exchange lost over $5M as a result of two consecutive attacks on the Ethereum Classic blockchain earlier this month. OKEx CEO Jay Hao said that the network will need to upgrade it security features significantly in order to remain listed on the exchange, and Kucoin has already discontinued margin trading of ETC on its platform. ETC Labs CEO Terry Culver proposed mechanisms to increase the profitability of ETC mining in order to better secure the network but admitted that such changes would take at least six to nine months to implement.

Sources: