White Hat Team Recovers 7 Million ETC From DAO Thief
The White Hat Team, whose current members are publicly unknown, has successfully recovered more than seven million ETC, currently valued at around $16 million, by transferring the funds to an address whitelisted by the DAO curator who is known to be working with WHT or has transferred curatorship to WHT. Alex Van de Sande, one of the previous members of the team, stated he was no longer part of WHT, having left once the hardfork succeeded. It is not therefore fully clear who exactly transferred the ETC and what they plan to do with the funds, but, since stolen property was recovered, we’d....
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All of this comes on the heels of the self-professed white hat hackers stating how “the funds are secure”. There seems to be some confusion regarding the white hat hackers who allegedly obtained the 7 million ETC from The DAO assailant. Whereas most people were under the impression this funds would be returned to DAO token holders, the reality is very different. Several of the transactions were sent to Kraken and Poloniex addresses. There is no official statement as to why this decision was made, or what it even means. Keeping 7 million Ethereum Classic coins is not an easy task. Even if....
“Poly Network has no intention of holding Mr. White Hat legally responsible," said the team. Decentralized finance protocol Poly Network has offered the person behind a $610 million hack an advisory position and $500,000 — whether they like it or not. In a Tuesday update, the Poly Network team said in a seeming attempt to gain access to hacker’s expertise, it would be inviting them to the position of chief security advisor. In addition, the project will be sending a $500,000 bounty for the attacker, whom Poly dubbed ‘Mr. White Hat,’ despite the fact they have previously refused any....
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....
More controversy surrounds the infamous Ethereum-based Decentralized Autonomous Organization (DAO) project which raised US$150 million last year. It seems victims of last summer’s DAO hack have until April 15 to withdraw DAO-to-Ethereum Classic (ETC) refunds, and there is still $4.4 million worth of tokens left at the address in question. The issue some....
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.....