Ethereum Classic (ETC) Sees Attempted Community Takeover By Digital Finance Group (DFG)

There were enough problems in many different projects and Ethereum Classic (ETC) remained aside from them. However, now they are facing some problems related to the Digital Finance Group (DFG).

Some Ethereum Classic owners raised concerns about an attempted community takeover by DFG. DFG is in charge of ETC Labs and one of the most active developers in the ETC network. On December 13, a community notice has been posted in GitHub informing about DFG and an attempt of taking over the original Ethereum Classic GitHub repository.

The community notice addresses miners, stakeholders and ETC’s fanatics and says that this may be one of the most important points in ETC’s history. They even mention that this is more important than the ETH hard fork.

According to the notice, the DFG repo and software are not trusted by the community. Indeed, the only trusted third party entities are ECDEV, PARITY and IOHK.

About untrusted entities, the community notice reads as follows:

“Do not use any software produced through these entities as they cannot be trusted. Use software at your own risk. They have proven malicious and hostile and there is no telling what else they might do. Keep your assets safe.”

Apparently, the development team behind ETCDEV was manipulated in order to make some GitHub organizational changes that were requested by DFG. DFG is also the owner of the EthereumProject GitHub Organization. Eric Yang, also known as krykoder, received ownership roles on the Github organization. And indeed, all the original owners were removed in order for DFG to take control of the GitHub organization.

This is why now the community believes that this was an attempt to take over the network that was planned by DFG’s management team. At the same time, the notice says that James Wo from DFG did not answer to messages from the community after what happened, showing that there is no real interest in improving the community.

The community notice has also released contact information about DFG, ETC Labs, James Wo and Terry Cluver, who are in charge of DFG and the work behind the organization. They ask the community to stand against these organizations that want to centralize the network.

This shows that there are now two different sides in the community. Those that back DFG decisions and those that do not. Some questions are arising on whether ETC Labs would be willing to fork off from ETC.

Several projects have forked from their original networks creating a weaker community and divided projects. In a bear market like the one we are currently experiencing the community must work together and avoid such internal conflicts.

Ethereum Classic is currently the 17th largest virtual currency in the market. It has a market cap of $400 million and each coin can be purchased for $3.76.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Protocol to Roll Out Decentralized Oracles Dubbed ‘Open Price Feed'

Compound, one of the most popular defi protocol, is all set to introduce open price feeds for lending on its platform using a decentralized...

$2 Million Slippage & Surge in Ether Price on Uniswap Helps Net $40k in Profit

A Uniswap user was able to profit $40,000 thanks to $2 million of slippage and the price of Ether surging north of 15%. It all...

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital...

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Interactive Brokers LLC, a U.S based brokerage that skyrocketed between 2013 and 2018, has agreed to settle a total of $38 million with the...

Ethereum Gas Price Hasn’t Been This High Since its Launch

The price of Ether is back to making its way to $400 level as it hovers around $391 in the green with just $840...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today