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🚀 It was really a Hack after all, ETC got wiped out to the tune of $5 Million by hackers

Also, Did a couple of Crypto founders just yeeted themselves into hiding?

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Hello Geckos? "Rat Poison Squared on Steroids" That's the name of the latest update released for c-lightning, created by Bitcoin tech startup Blockstream. The name is an ode to Warren Buffet's recent comment about Bitcoin, referring it as "Rat Poison Squared" (Editor: by the way, why are rat poison bad other than for the rats themselves?). C-lightning is an implementation of the Lightning Network built atop on the Bitcoin Protocol, allowing for near-instant and near-feeless Bitcoin micrpayment. By the way, looks like "Crypto Instagram" is turning into a real thing, with scams and all. Be safe out there guys! Also, if you really decide to check out crypto instagram, do follow us on there too! Enjoy the newsletter today!

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Ethereum Classic suffers 51% Attack, $5 Million Lost It was earlier reported that the Ethereum Classic (ETC) blockchain underwent an unintentional blockchain reorganization. However, a report published by blockchain forensics firm Bitquery has revealed that it was in fact a 51% attack.  The attacker made off with 807,260 ETC, worth about $5.6 million, by spending $192,000 on renting hash power from Nicehash to conduct the attack. The hacker was able to mine 4,280 blocks privately while simultaneously executing a sophisticated double-spend attack on exchanges deposits and withdrawal before overpowering the main ETC chain with the blocks they've already mined. (Editor: This is not the first time ETC fell victim to a 51% attack. With the origin of ETC itself coming from a dark place, this blockchain certainly has suffered much throughout its lifetime.) CoinTelegraph Co-founders Of $100 million ICO project can't be located The co-founders of Status Network (SNT) , Jarrad Hope and Carl Bennetts, are nowhere to be found. Investors originally filed a complaint against Hope and Bennetts, alleging that they have misled them into a $100 million ICO. The lawsuit against Status was filed in April as part of the so-called "Red Wedding" batch of class-action complaints, where firms including Binance, Block.one, Bitmex and others were sued for misleading investors into buying unregistered securities. (Editor: This may be the first case of a crypto founders actually yeeting themselves) Decrypt Ethereum Transaction Fees Are Falling.. For Now Gas fees on the Ethereum (ETH) network seem to be dropping after reaching a high in July. The average gas fee has hovered between 30 to 40 Gwei over the past couple days. This is a stark contrast to previous weeks where gas fees were sometimes over 100 Gwei. However, there appears to be a slight decrease in transactions, which could be the reason why gas fees are dropping. Total gas usage and number of token transfers have also dipped. (Editor: How much have you paid for transactions lately? You may try to find out using fees.wtf ) CoinTelegraph

Mineable Some cryptocurrencies have a system through which miners can be rewarded with newly-created cryptocurrencies for creating blocks through contributing their hash power. Cryptocurrencies with this ability to generate new cryptocurrencies through the process of confirmation is said to be mineable. *Not Mineable: Some cryptocurrencies are generated only through other mechanisms, such as annual inflation through staking. These cryptocurrencies are said to be not mineable. Learn about other Crypto terms here Read more on CoinGecko

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