A deep dive into the recent BCH hard fork incident

1 · Coinbase · May 30, 2019, 11:36 p.m.
A Deep Dive into the Recent BCH Hard Fork IncidentBy Mark Nesbitt, Peter Kacherginsky, and Don YuOn May 15th, Coinbase detected a depth-2 chain reorganization on the Bitcoin Cash blockchain. The reorg targeted BCH funds that were erroneously sent to BTC segwit addresses, which were previously unspendable but became recoverable as part of the May 15 BCH upgrade. Based on publicly available data, the reorg was caused by a hashpower struggle between two miners, the outcome of which was $1.39M (3655...