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.

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