DAO Hack, Attacker Sends Open Letter to Ethereum Community
The attacker responsible for siphoning off ether from the DAO has sent an open letter defending his actions. The DAO platform was in trouble yesterday, following a hacking incident yesterday the platform is said to have lost about $50 million worth of digital currency. However, there is a good possibility that the stolen ether associated with the DAOs can after all be recovered, preventing huge losses to thousands of investors in the platform. According to a recent update on the Ethereum blog, Vitalik Buterin, the creator of the platform has mentioned that all the investor funds are safe....
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The world of cryptocurrencies has just opened the Pandora's box through the recent incident where an attacker was able to remove funds to a Child DAO. The story progresses rapidly due to the use of smart policies contracts in real life. A live interview between Andreas M. Antonopoulos and two well-known lawyers, Brian Klein and Pamela Morgan, as well as Taylor Gerring, a Blockchain Consulting Expert for Ethereum, discussed this revelation. On Twitter, the hashtag #ltbdao saw many asking questions about the situation that arose following the publishing of a letter from the attacker to the....
Recent events have forced ethereum's community to the forefront. On 17th June, a critical security vulnerability in an ethereum application called The DAO was used to drain millions of dollars worth of ether into accounts controlled by an anonymous attacker. After a period of deliberation, a majority of core developers, miners and other members of ethereum's community decided that the best path forward was to hard fork the network to "undo" the hack and return the stolen funds. The community's power to revise ethereum's transaction history has surprised many outside observers who....
Ethereum Classic's declaration of independence from Ethereum airs its grievance against ETH while listing its Code of Principles. Ethereum Classic, an offshoot of Ethereum that continues to carry on with the Ethereum legacy blockchain has published its own version of the “declaration of independence” from Ethereum. In the document, Ethereum Classic which came into existence on July 20, 2016, following the implementation of Ethereum hard fork states its plans for the future and the principles to which it will adhere to. Ethereum Classic represents the community that objected Ethereum’s....
Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an investigation had shown that the attacker had $1.7 million worth of ethereum in his wallet by leveraging a phishing scheme.
Attacker Reportedly Returns Some Stolen NFTs
Devin Finzer, the co-founder and CEO of Opensea has denied reports that the NFT marketplace has been breached. Instead, Finzer has characterized the alleged hacking incident as a “phishing....
Griff Green, a spokesman for Slock.it, the team which founded the DAO, says in an interview with CoinTelegraph that he is privy to some of the pool operator’s discussions and they “very much back the soft fork.” However, he doubts pool operators are willing to go on record and publicly support the fork. Responding to potential suggestions of negotiation with the attacker, Green stated: “I'm not personally open to negotiations because with a hard fork we can get all of the ETH back to the people who were attacked.” He further added: “I think there is a general consensus in the Ethereum....