Journalist alleges Mimo Capital co-founder was behind 2016 exploit of The DAO...
"This is yet another example of evidence preserved on the blockchain forever,” said Chainalysis. Laura Shin, a cryptocurrency journalist and host of the Unchained Podcast, claimed to have discovered the identity of the individual behind an exploit which drained more than 3.6 million Ether from Germany-based startup Slock.it’s The DAO in 2016.According to a Tuesday Bloomberg report, Shin claimed that she had “extremely strong evidence” that Mimo Capital co-founder Toby Hoenisch was responsible for removing more than 3.6 million Ether (ETH) from The DAO in June 2016 — roughly $50 million at....
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An article published by journalist Laura Shin, and research stemming from the blockchain surveillance firm Chainalysis, claims to identify the alleged identity of The DAO hacker who drained millions of dollars worth of ethereum from the decentralized autonomous organization on June 17, 2016. Shin’s and Chainalysis’s findings accuse the former Tenx CEO, Toby Hoenisch, of being behind the $60 million hack that saw the loss of 3.6 million ether, which is now worth close to $10 billion using today’s exchange rates.
Uncovering the 2016 Genesis DAO Hack
In the....
Controversial as usual, Cardano founder Charles Hoskinson has been the protagonist of some strong claims done by the crypto-journalist Laura Shin. Laura Shin recently released a book called The Cryptopian in which she traces details about the founding of ethereum and claims to have uncovered the identity of the Ethereum 2016 DAO hacker. Amongst stories collected […]
Note: Coinbase has posted a response to this story which can be read here. This is really an unbelievable story! Bitcoin exchange Coinbase has allegedly banned a user who helped them fix a major Vault exploit that could have resulted in millions of dollars in losses. The user took to popular social platform Reddit to share his side of the story. The user, pxallin1122, states that he began an investigation into the Vault system in June 2015, and found a major exploit on the site. The exploit allowed the user to withdraw infinite bitcoins (yes, you read that right!) even if they weren't....
ChainSwap has experienced another exploit in what has turned out to be a terrifying month for the exchange. The platform which acts as a bridge for assets had succumbed to an exploit earlier this month, and now, only eight days later, ChainSwap has succumbed to another exploit. This time, the attacker made away with $8 […]
Justin Bons, the founder and Chief Investment Officer (CIO) of Cyber Capital has called out Cardano, leveling serious accusations against the prominent blockchain and smart contracts platform. To the dismay of ADA holders, Bons alleges that Cardano is highly centralized, casting shadows over the blockchain’s reputation and foundational nature as a decentralized network. Cardano’s Decentralization […]