Ethereum Developers Launch White Hat Counter-Attack on The DAO
Reports are emerging that members of the ethereum development community are moving funds from The DAO in attempt to stifle a new alleged attack. Developer Alex Van de Sande, lead designer for the Ethereum Foundation, took to Twitter to announce the move, which came shortly after word emerged on social media that more funds were being siphoned from contracts associated with The DAO. He said that the action is a response to a new exploitation of The DAO’s smart contract code, which comes days after millions of dollars worth of ether were taken from contracts associated with project. The....
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Several hours ago The DAO's smart contract received another wave of attacks. The ether balance started to decline at a fast pace, it has now been revealed that members of the curator team and the Ethereum foundation are behind a white hat attack to rescue the remaining funds. The DAO received another attack, this time, a blue team comprised of curators and Ethereum foundation members launched their own initiative to save the remaining funds. The ether is being sent to this address, and the revelation came after community members realized that a large-scale attack was unfolding once more.....
The battle to recover the 14 million stolen Ether continues, today the hacker responded to the 'Robin Hood' attack with another stratagem: the malicious attacker managed to infiltrate the child DAO controlled by developers and researchers of the Ethereum community. The DAO Token Holders received bad news today, after a team lead by ex-DAO curators, Slock.it employees, researchers and Ethereum foundation members managed to launch a counter-attack -known as the Robin Hood attack-. The preemptive strike was intended to secure the remaining The preemptive strike was intended to secure the....
The role of few Ethereum developers is speculated in the recent attempt to exchange over 7 million ETC's retrieved from the DAOs associated with the recent attack. Did the Ethereum Foundation secretly try to kill its sibling rival Ethereum Classic? The question may never be answered. But according to reports, few developers from the Ethereum Foundation may have been involved (in an individual capacity) in the recent attempt to dump close to 8 million ETC tokens into exchanges. The reports started emerging after the cryptocurrency exchanges Poloniex and Kraken received over $10 million....
Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....
The situation at The DAO is continuing to escalate. The most visible distributed autonomous organization on the ethereum network, which once held $160m worth of the cryptocurrency ether, has now seen these funds dispersed to several different accounts. Complicating matters is that the owners of some of these accounts are, at present, unknown. The heightened uncertainty follows actions taken by a group of ethereum developers, who launched a "Robin Hood" effort to gain control of the funds yesterday. The effort was said to be aimed at safeguarding The DAO’s ether holdings following....