Robin Hood Counter Attack: DAO Is Empty, 7 Mln Ether Secured
In a bid to thwart the latest exploitation of The DAO’s smart contract code, developer Alex Van de Sande, lead designer for the Ethereum Foundation announced on Twitter that the Ethereum development community were moving funds away from The DAO after reports on social media highlighted that funds were being drained from contracts on the network. It was only a few days ago that news broke that millions of dollars worth of ether were taken from contracts on The DAO, sparking a heated debate as to what best action the owners of Ethereum can take. Now, it seems as though the network is at the....
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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 collection of white hat hackers, calling themselves the Robin Hood Group, apparently attempted to dump DAO funds they held in ETC in an attempt to undermine the cryptocurrency by crashing its price. ETC Dumped By Group Potentially Tied to Ethereum Foundation. The Robin Hood Group (RHG) was originally formed to benevolently hack the DAO to secure the remaining ether inside of it. The collection of hackers stole the funds with the stated purpose of keeping the ether safe until after the hard-fork, which was implemented to both reverse the hack and fix the loophole that allowed the hack....
It looks like crypto has a Robin Hood. About a week ago, someone named Hood started the Twitter handle @savethemhood. They promptly sent out these three tweets: I am here for the greedy. Taking the crumbs and spreading them to those in need. - Hood (@savethemhood) March 14, 2014The top wealthiest 1% possess 40% of the United States wealth. - Hood (@savethemhood) March 15, 2014I've been watching the dogecoin community. They have pure intentions. I will extend a hand out to help. - Hood (@savethemhood) March 15, 2014What happened next was amazing, even by the highly charitable standards of....
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....
The digital currency dogecoin has become popular for its use in tipping on reddit and its community's willingness to contribute to worthy causes. Now, however, an anonymous character known only as 'Hood' is highlighting the altruistic side of the dogecoin community even further by giving away thousands of dollars-worth of the altcoin to address social injustice. In one tweet, he (if indeed Hood is a he) said: An upcoming project to help those that can no longer afford rent in a city they call home. http://t.co/xTlPFc0hVv. - Hood (@savethemhood) March 25, 2014. Hood, whose Twitter slogan is....