Friday, February 3, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home Scam Alert

Former TenX CEO hacked The DAO, claims crypto Journalist

by BitScoop
June 4, 2022
in Scam Alert
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


  • Laura Shin says that investigations level to former TenX CEO as the person behind the hack on The DAO.
  • The alleged hacker has reportedly denied the accusation.

Crypto journalist Laura Shin says that prolonged analysis and investigation across the notorious hack on The DAO in 2016 was capable of unearth the id of the hacker as one Toby Hoenisch, an obvious well-known determine inside the crypto area.

The senior Forbes contributor revealed she labored with blockchain analytics agency Chainalysis to hint the DAO funds’ motion.

“Who hacked The DAO? My unique investigation, constructed on the reporting for my new guide, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Huge Cryptocurrency Craze, seems to level to Toby Hoenisch, a 36-year-old programmer who grew up in Austria and was dwelling in Singapore on the time of the hack,” Shin wrote in an article revealed Tuesday, February 22.

Shin provides that Hoenisch has till the articles’ publication a well known determine whose crypto profile consists of being the co-founder and CEO of TenX, an $80 million preliminary coin providing (ICO) challenge that didn’t stay as much as expectations.

The alleged hacker denies DAO hack

In accordance with Shin’s article, Hoenisch has denied being the hacker behind the 2016 assault that noticed The DAO lose 3.64 million ETH tokens.

Hoenisch is claimed to have replied to an e-mail detailing his position by saying that the “assertion and conclusion” indicated had been “factually inaccurate.”

However investigations by Shin and blockchain analytics platform Chainalysis, monitoring a 50 BTC transaction to a Wasabi Pockets was capable of unmask the hacker as Hoenisch.

Per the analysis, Chainalysis was ready to make use of never-before-revealed monitoring know-how to “de-mix” the bitcoins and hint them to 4 exchanges.

Blockchain analysis helps establish hacked funds

From one of many exchanges, the alleged hacker swapped the BTC for the privateness coin Grin. These tokens had been then despatched to a Grin node that evaluation confirmed as grin.toby.ai. The IP handle of this specific node was additionally linked to different nodes resembling ln.toby.ai and lnd.ln.toby.ai, with one other linked to TenX.

“For anybody who was into crypto in June 2017, this identify could ring a bell. That month, because the ICO craze was reaching its preliminary peak, there was an $80 million ICO named TenX. The CEO and cofounder used the deal with @tobyai on AngelList, Betalist, GitHub, Keybase, LinkedIn, Medium, Pinterest, Reddit, StackOverflow, and Twitter. His identify was Toby Hoenisch.”

Aside from these “hyperlinks”, Shin says Hoenisch had been an lively particular person round The DAO, severally emailing the platform’s builders Slock.it.

The story has simply damaged after Shin’s guide was revealed and it’s now probably much more could possibly be revealed, together with from these Hoenisch emailed.

The DAO stays one of many largest thefts within the crypto area, although the hacker by no means managed to money out all of the stolen funds. On the time in 2016, The DAO’s stolen funds amounted to about $60 million.

At the moment, that may be almost $10 billion following Ether (ETH) costs rallying from lows of $20 then.



Source link

Related articles

UK home to hundreds of companies running crypto, forex scams

January 31, 2023

UK regulator is investigating a charity linked to FTX

January 30, 2023
Tags: altcoinsbitcoin pricebitcoin updatesbitscoopCEOclaimsCryptocrypto newscrypto updatesDAOhackedJournalistlatest bitcoin newsTenX
Share76Tweet47
Previous Post

OpenSea assault sees customers lose $2.9 million in NFTs

Next Post

Interview with CoinSmart CEO on fraud in crypto

Related Posts

UK home to hundreds of companies running crypto, forex scams

by BitScoop
January 31, 2023
0

The Bureau of Investigative Journalism (TBIJ) has identified 168 companies accused of running crypto or fraudulent foreign exchange trading scams...

UK regulator is investigating a charity linked to FTX

by BitScoop
January 30, 2023
0

UK’s Charity Commission says it opened the investigation into Effective Ventures Foundation on 19 December. FTX collapsed in November and...

DOJ seeks Bankman-Fried ban for alleged witness influence

by BitScoop
January 28, 2023
0

US prosecutors argue that Sam Bankman-Fried tried to influence Ryne Miller, the General Counsel of FTX US. The former FTX...

Robinhood confirms Twitter hack that promoted fraudulent crypto token

by BitScoop
January 25, 2023
0

Robinhood confirmed that several of its social media accounts were breached earlier today in a statement emailed to CryptoSlate on...

Crypto ransomware payments fall 40% in 2022

by BitScoop
January 20, 2023
0

Funds collected by ransomware attacks fell to $456.8 million in 2022 from a high of $765.6 million in 2021, according...

Load More
Next Post

Interview with CoinSmart CEO on fraud in crypto

Axie Infinity’s Ronin bridge and Katana Dex halted after struggling a $612M exploit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News

January 25, 2023

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe – Taxes Bitcoin News

January 8, 2023

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange – Exchanges Bitcoin News

January 15, 2023

Neobank N26 Exapnds Crypto Trading to 5 New Countries

January 17, 2023

Ukraine’s Tascombank Pilots Stellar-based E-hryvnia – Fintech Bitcoin News

January 15, 2023

Crypto Whales Move Over $670,000,000 in Bitcoin, Ethereum, XRP, Polygon and Curve – Here’s Where It’s All Going

January 6, 2023

Is a Rally on the Way for the Fledgling Altcoin?

February 3, 2023

Why Bitcoin Is Among ‘Hottest Subjects’ On Earth, According To ‘Rich Dad’ R. Kiyosaki

February 3, 2023

Uniswap Price Nears Key Resistance as Daily Users Spike

February 3, 2023

HSBC is looking for a top executive to work with asset tokenization

February 3, 2023

Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

February 3, 2023

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say – Finance Bitcoin News

February 3, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.