@zyinghui

Can you explain what it means when a cryptocurrency is "hacked," such as the recent incident with Ethereum Classic? When a cryptocurrency is “hacked,” like what’s happened with Ethereum Classic (ETC) in the past, it usually means one of two things, If one entity controls over 50% of the network’s mining power, they can rewrite transactions, double-spend coins, and block new ones. ETC has suffered multiple 51% attacks due to lower network security. Sometimes, vulnerabilities in apps or bridges on the chain are exploited—not the blockchain itself. Hackers can drain funds or manipulate the system. In both cases, trust is damaged and token value usually drops.

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