The price of ethereum classic (ETC) is pulling back as a result of a recently reported attack that resulted in a series of blockchain history rewrites.

At press time, ETC is trading at an average price of $5.01 – down more than 7.5 percent in the past 24 hours, according to data from CoinMarketCap.

ETC had fallen to an intraday low of $4.93 at 20:00 UTC, which at the time registered a near 10 percent daily depreciation.

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