Coinbase extends the confirmation time for Ethereum Classic deposits

The Coinbase cryptocurrency exchange has increased the confirmation time of ETC deposits to two weeks. This decision was reportedly made in the wake of the recent 51% attacks on Ethereum classic. According to data from the stock exchange:

"Given the recent network attacks on Ethereum Classic, we have extended the confirmation time for ETC payments sent to Coinbase & Coinbase Pro to ~ 2 weeks. We are actively monitoring the situation and will provide updates as they become available."

The Ethereum Classic network suffered two 51% attacks in the last weeks. These attacks reportedly allowed hackers to steal $ 5.6 million and $ 1.68 million, respectively. The cryptocurrency community has criticized Coinbase's performance as it wonders why the exchange has not decided to simply withdraw Ethereum Classic rather than impose restrictions.