The Stolen DAO Funds Are On the Move
More than $5m worth of digital currency associated with the attack on The DAO is on the move. Identified via an analysis of the ethereum classic blockchain, the finding comes courtesy of data analyst Bok Khoo. Founder of New Zealand-based Bok Consulting, Khoo's work shows that 3.6m classic ethers were likely moved to a new account earlier this week. While a seemingly small development, the fund transfer is likely to have a deep relevance for those who have been following the debates in ethereum stemming from The DAO's failure. After an attack on The DAO successfully moved $60m to an....
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The DAO hacker has moved his stolen Ethereum from the Ethereum Classic chain, donating part of it to the Ethereum Classic developers. The move of the stolen funds from the DAO hack occurred earlier this week. As his first action with the funds the hacker sent 1,000 ETC, about $1,500, to the address associated with Ethereum Classic’s development team, leading to speculation that the initial hack might have been motivated by a desire to fork Ethereum (which ended up being a result of the hack). Ethereum’s long and complicated hacking saga. The hacker exploited a vulnerability in the DAO’s....
To be more precise,a total of 3641694 ETC has been moved to a new address. This is a large amount, particularly when taking the current Ethereum Classic price into account. Some of the funds stolen by The DAO “attacker” is on the move right now. More particularly, the majority of Ethereum Classic holdings have been transferred to a different address. The bigger question is what his funds will be used for, and whether or not it will be dumped across exchanges. With over 3 million ETC on the move, a market crash might be looming on the horizon. When The DAO got breached by an unknown entity....
The donations received by Bitcoin Unlimited may have come from funds stolen from Kraken a few months ago. Bitcoin Unlimited recently made news after it received an unusually large donation of around $500,000 in bitcoins. The donation amount is now mired in controversy after it was claimed to have come from a questionable source. According to few reports, the donation received by the project may have been part of funds stolen from Kraken, a leading digital currency exchange. There were unconfirmed reports of Kraken suffering from a security breach in late July that resulted in a theft.....
The Bitcoin stolen from cryptocurrency exchange ShapeShift has begun to move. In March of 2016, a hacker, aided by a rogue employee, stole more than $230,000 worth of cryptocurrency from ShapeShift. Most of it has not been recovered, and the perpetrator has not yet been identified. Erik Voorhees, CEO of ShapeShift, kept the general public appraised as to the situation during and after the hacking incident. Mixing transactions so as to confuse traceability. On June 30th, the stolen funds were moved to two separate addresses, one in a $205,666 chunk and the other in a $654 chunk. Each one of....
HTX, formerly Huobi Global, was exploited recently for almost $8 million. Following the incident, Binance CEO Changpeng Zhao (CZ) has offered his assistance in tracking the stolen funds. Meanwhile, the exchange has tried to reduce the impact of the exploits on the network. It proposed 5% of the total stolen amount, worth approximately $400,000, as […]