Journalist claims to have identified DAO hackers from 2016, evidence shows that investigators ‘shuffled’ Wasabi transactions – Bitcoin news

Journalist claims to have identified DAO hackers from 2016, evidence shows that investigators ‘shuffled’ Wasabi transactions – Bitcoin news

An article published by journalist Laura Shin and a study by blockchain surveillance company Chainalysis claims to identify the alleged identity of a DAO hacker who extracted millions of dollars worth of ethereum from a decentralized autonomous organization on June 17, 2016. Shin’s and Chainalysis find charges against former CEO Tenx, Toby Hoenish, to be behind the $ 60 million hack in which 3.6 million ethers were lost, which is now worth close to $ 10 billion at today’s exchange rate.

We unveil the 2016 Genesis DAO Hack

In the summer of 2016, two significant hacks occurred that shocked the cryptocurrency community – the DAO hack and the Bitfinex breakthrough. After the recent arrest par WHO allegedly possessed stolen Bitfinex BTCjournalist Laura Shin published new information about the DAO hacker and her claims to have identified the person behind the notorious hack. DAO, also known as Genesis DAO was a decentralized autonomous organization that managed to raise $ 150 million in Ethereum (ETH).

However, on June 17, 2016, an individual discovered an error in the code that enabled a person to draw funds from the organization’s stockpile. In a few hours, the hacker has exhausted 3,600,000 ethers worth approximately $ 60 million, and according to today’s exchange rate, 3.6 million ethers are worth $ 9.3 billion.

Genesis DAO hack not only created chaos on the price of ethereum (ETH), Also caused division within the Ethereum community and finally caused the chain to break. Now more than five years later, Shin’s book, Cryptocurrencies, claims to have revealed the identity of the hacker.

“We identify an obvious hacker – he denies it – by tracking a complicated crypto transaction and using a previously undiscovered forensic privacy breach tool,” Shin’s Forbes report about the alleged identity of the person.

A Forbes article states that Shin used “a powerful and previously secret forensic tool from the crypto-tracking company Chainalysis” to help solve the mystery. The findings speak to a blockchain transaction that allegedly originated with former Tenx CEO Toby Hoenisch.

When Shin and her friends approached Hoenisch, he completely denied the allegations and stressed: “Your statement and conclusion are factually incorrect.” Despite Hoenisch’s denial, Sheen included the story in her book and also exposed the investigation. “Since Hoenisch doesn’t want to talk to me, I can only speculate about his possible motives,” Shin said.

A Forbes journalist continued:

As early as 2016, he identified technical flaws in the DAO in early 2016 and may have decided to attack after concluding that the creators of the DAO did not take his warnings seriously enough.

Chainalysis reveals DAO attacker sent 50 BTC on Wasabi wallet, Shin claims Blockchain Intelligence Firm “shuffled” transactions

Shin’s article also has surprised the community because he reports that Chainalysis discovered that the attacker had sent 50 BTC on the Wasabi wallet. Wasabi is a privacy wallet and Shin claims Chainalysis “mixed up” Coinjoin wallet transactions, “using an opportunity revealed here for the first time,” she added.

“In the last, crucial step, an employee at one of the stock exchanges confirmed to one of my sources that the funds were exchanged for a Green privacy coin and withdrawn to a Green Node called grin.toby.ai. (Due to the privacy policy of the exchange, this type of customer information would not normally be disclosed), ”Shin wrote. The journalist added:

The IP address for that node also hosted Bitcoin Lightning nodes: ln.toby.ai, lnd.ln.toby.ai, etc., and was consistent for over a year; it was not a VPN. He hosted Amazon in Singapore. Lightning explorer 1ML showed a node at that IP address called Tenx.

As already mentioned, Toby Hoenisch denied the allegations, after Shin sent him a document describing her testimony. She wrote that he said that he would give more details, but he never answered after the first e-mail. “In addition, after receiving the first document detailing the facts I collected, he deleted almost all of his history on Twitter (although I saved the relevant tweets),” Shin added. Meanwhile, many supporters of cryptocurrencies are discussing the basic parts of Shin’s story that describe in detail the methods of controlling the blockchain.

Bitcoin wallet Samourai focused on privacy criticized Wasabi over the wallet shuffling scheme after Shin’s article was published. “It should be * impossible * for a user to combine pre-mix coin with coin after mixing,” Samourai wrote on Twitter on Tuesday. “This scenario is impossible due to the architecture of JoinMarket and Whirlpool. Why is this possible in Wasabi?” Along with the statement, Samourai attached a tweet from July 2019, which describes the alleged problem.

Labels in this story

$ 60 million, $ 9.3 billion, 3.6 million ethers, An alleged hacker, Blockchain control, Chainalysis, CoinJoin, DAO, DAO hack 2016, evidence, Genesis DAO, Hacker, journalist, Finds a journalist, Laura Shin, samurai wallet, siphoned DAO, TenX, Tenx CEO, DAO, DAO hack, Toby Hoenisch, wasabi, Wasabi Wallet

What do you think about the discovery of journalist Laura Shin about the Genesis DAO hack from 2016? Tell us what you think about this topic in the comments section below.

Journalist claims to have identified DAO hackers from 2016, evidence shows that investigators ‘shuffled’ Wasabi transactions – Bitcoin news

Jamie Redman

Jamie Redman is a news anchor on Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about disruptive protocols appearing today.




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