DAO Ether Hacker Warns Against Hard Fork
A Twitter post from someone claiming to be the DAO attacker who has taken 3,641,694 ether has thanked the DAO for this reward, has justified the action as being consistent with the DAO smart contract terms, and is warning that any attempts to deploy a fork in Ethereum would bring legal action. Vitalik Buterin, Ethereum co-founder, questioned the tweet’s validity. He tweeted, “Signature looks shady at first glance: the first byte is 0x5f, which is not a standard v value by any encoding that I know about. So I would not trust this is from the attacker until I get the proper signature.” The....
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After the embarrassing failure of the DAO in 2016, the Ethereum Foundation moved quickly to address the problem by implementing a hard fork. On July 20, 2016, the new code went into effect, reversing transactions that allowed a hacker to bleed $50 million out of the $150 million venture fund in the wee hours of June 17. That DAO hard fork was not popular, but it was effective. The majority of miners moved over to the new chain, and the DAO funds went into a new smart contract, so the original investors could safely withdraw their funds. To be clear, the Ethereum network itself was not....
While most miners supported the Ethereum hard fork to prevent future breaches, Claude Lecomte, CEO at MinerGate, opposed the plan and posted a statement shortly before the hard fork took effect yesterday, claiming it will jeopardize Ethereum on legal, business and philosophical levels. Ethereum holders previously voted for a hard fork to deprive the DAO thief of his ill gains and return the funds to token holders. The hacker was able to penetrate the system and transfer funds from the DAO to a dummy version of the organization to which only the hacker possessed the key. All DAO tokens,....
The Ethereum network’s hard fork, which many believed was an operation of risk, was carried out smoothly. On July 20, the Ethereum network successfully completed a hard fork as a result of an irregular state change that transferred nearly 12 million ether from the DAO into the WithdrawDAO recovery contract. The Ethereum network’s hard fork, which many believed was an operation of risk, was carried out smoothly. “The fork itself took place smoothly, with roughly 85% of miners mining on the fork,” explained Ethereum co-founder Ethereum. The successful completion of the Ethereum hard fork....
It seems the Ethereum community is prepping for a hard fork for around July 20 or depending on how fast the hash rate approaches block height 1920000. This has renewed spirit within the community as the price has bounced back about 5% at the time of this writing. Ethereum’s Hard Fork Will Be Closely Watched. The Kraken exchange has recently stated that....
Kraken has announced plans to temporarily disable ETH deposits and withdrawals on its platform ahead of a planned hard fork. Kraken is the largest Bitcoin exchange in euro volume and liquidity. It’s also trading in Canadian dollars, US dollars, British pounds and Japanese yen. The fork is slated tentatively for July 20. Traders in ETH, LTC, XRP, XLM, or XDG have been informed by the exchange that dealings in the currency will be disabled for approximately one hour before the hard fork activates. ETH deposits to be disabled 1 hour before the fork. Kraken notes via email: “As you may know,....