The DAO hacker is one step closer to turning a real-world profit. The saga that started in June with a high-profile hack on ethereum’s most notable project, took another turn on Wednesday when nearly $100,000 worth of digital currency associated with the incident was converted into bitcoin. Given the impact of the hack on the ethereum ecosystem (it sparked weeks of debate and led to a schism among the technology’s supporters), the whereabouts of the funds have long been a matter of public interest. Funds first began moving in August and were reported to be in transit again in September. Now, analysis from Bok Consulting founder Bok Khoo indicates that a portion of the funds have reached at least one major exchange. Khoo, who has been tracking the…
Bitcoin. Blockchain. DLT. ‘Distributed concurrence’. Despite the increasingly deep divisions among vested interests in whatever it is we’re calling what CoinDesk covers these days, there emerged one uniting theme for the summer of 2016 – to those most engaged, it was at best a prolonged existential crisis, an Olympics of intellectual gymnastics that, like this year’s games, sometimes seemed to be struggling too hard to maintain its own relevancy. A quick recap reveals a running gag reel. The first leaderless company raised $150m, then promptly imploded; a popular blockchain network suddenly and spasmodically split in two; and a major exchange got hacked, spread the losses among investors and somehow managed (thus far) to avoid any lawsuits…
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 account controlled by an unknown individual or group, an eventual hard fork of the ethereum blockchain returned the hacked funds to the original owners. But, not everyone…
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 account controlled by an unknown individual or group, an eventual hard fork of the ethereum blockchain returned the hacked funds to the original owners. But, not everyone…
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 got hacked, there has been a lot of focus on the procured funds. Due to the technology used by this concept, money remained locked for quite a while. But it looks like things have finally come to a close a few hours ago. While the ETH funds were secured by white-hat hackers a while ago, there was still some ETC funds on the table. Ethereum Classic Funds Moves To A New Address As it turns out, the…