DAO Hacker Donates Some Stolen Funds To The Ethereum Classic Developers
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....
Related News
It goes without saying this debacle has been spurring a new debate among Ethereum enthusiasts. Many people feel the developers should send a cease and desist letter to the ETC developers for violating the Ethereum trademark. Although things have been relatively quiet around the DAO for some time now, a new development has occurred. A large amount of Ethereum Classic funds was still eligible for withdrawal by the hacker. As it turns out, the funds have been moved several hours ago. However, the ETC price across exchanges is not dipping, and the coins are not being dumped. Ever since The DAO....
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....
NXT developers announced to CCN that there would be no rollback. To view the announcement, visit our article here. This morning, around 50 million NXT was stolen from the popular cryptocurrency exchange BTER. The number is outstanding, as the amount stolen is near five percent of all NXT in existence. The proof-of-stake coin's community is now faced with a difficult decision that Vericoin developers faced a few months ago when hackers stole Vericoin from Mintpal. Either NXT allows the thief to get away with the funds, or they rollback the blockchain to just before the theft transaction....
The Poly Network hacker said they will return the stolen cryptocurrency funds, and have asked for a secured multisig wallet. Following a massive $600 million exploit of cross-chain protocol Poly Network, the Poly Network hacker has claimed his willingness to return the stolen cryptocurrency funds.At about 4:00 UTC on Wednesday, the hacker sent an Ethereum transaction to themselves, stating that they were “ready to return the fund” in an embedded transaction message.Source: EtherscanIn a subsequent message, the hacker asked for a multisig wallet address to return the funds to Poly Network.....
Cryptocurrency exchange HTX (formerly Huobi) has disclosed the recovery of the crypto funds stolen by a hacker in late September. The crypto company has also honored its 5% white hat bonus offer to the hacker after reclaiming the looted funds. On September 25, the HTX exchange succumb to a vulnerability, and 5,000 ETH were drained […]