Ethereum DAO Hacker Doxxed? This Tool Led To His Identity

Reporter Laura Shin shared new info associated to the legendary 2016 Ethereum DAO hack. As half of a bigger investigation for her new ebook, Shin claims a long-rumored Chainalysis software tracked down the id of the dangerous actor.

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6 years in the past, this hacker managed to steal 3.6 million in ETH from The DAO resulting in one of the crucial controversial choices within the historical past of this cryptocurrency; the arduous fork which created the blockchain often called Ethereum, and the unique community often called Ethereum Basic. The stolen funds are at present valued at over $9 billion.

In line with Shin, her investigation signifies Toby Hoenisch (36) was behind the hack. The alleged suspect is an Austria-born programmer based mostly in Singapore on the time of the Ethereum DAO hack.

Hoenisch, per the investigation, co-founded a crypto firm known as TenX which participated within the Preliminary Coin Supply (ICO) craze one yr after the hack. The corporate managed to lift $80 million with their provide and launched a token that adopted the identical destiny as lots of the cryptocurrencies with an ICO; it failed.

In an e-mail despatched to Shin, Hoenisch denied his implication with the DAO hack and known as the investigation and its conclusions “factually inaccurate”. The alleged suspect was to offer further info that would clear the occasions across the hack, however as Shin wrote, “by no means answered my repeated follow-up messages”.

Shin added the next offering extra context on the relevance of the 2016 DAO hack:

The DAO theft famously and controversially prompted Ethereum to do a tough fork—the place the Ethereum community cut up into two as a strategy to restore the stolen funds—which finally left the DarkDAO holding not ETH, however far much less precious Ethereum Basic (ETC). The proponents of the fork had hoped ETC would die out, but it surely now trades round $30. Meaning the descendant wallets of the DarkDAO now maintain greater than $100 million in ETC—a excessive greenback.

Monitoring Down The Ethereum DAO Hacker

The journalist revealed analysis agency Chainalysis offered her with entry to a “highly effective and beforehand secret forensics software”. Within the crypto neighborhood, there was hypothesis about this software stated to have the ability to break the CoinJoin transaction construction of some crypto wallets, particularly Wasabi.

Created as a strategy to defend Bitcoin buyers from companies akin to Chainalysis, CoinJoin is used to combine cash and forestall their transaction historical past to disclose the id of earlier holders. As Shin acknowledged, following the occasions of the hack and the following fork, the hacker tried to money out the stolen funds by way of an alternate known as ShapeShift.

This platform would let the dangerous actor swap their Ethereum Basic (ETC, as a result of fork), for Bitcoin. Within the span of two months, the hacker was capable of alternate the stolen funds for 282 BTC earlier than ShapeShift stopped future trades. Shin added:

Chainalysis noticed the presumed attacker had despatched 50 BTC to a Wasabi Pockets, (…). Chainalysis de-mixed the Wasabi transactions and tracked their output to 4 exchanges. In a closing, essential step, an worker at one of many exchanges confirmed to one in every of my sources that the funds had been swapped for privateness coin Grin and withdrawn to a Grin node known as grin.toby.ai.

Toby.ai was additionally a part of the IP handle that hosted a Bitcoin Lightning node known as ln.toby.ai and lnd.ln.toby.ai which coincided with @tobyai a deal with utilized by Hoenisch throughout totally different social media platforms.

As well as, Shin claims the e-mail related to the ShapeShift account buying and selling the stolen ETH funds into bitcoin ended with @toby.ai. Hoenisch additionally publicly displayed appreciable information on the DAO itself and its hack, and even tried to warn the crew behind the decentralized entity to no avail.

It stays to be seen if Hoenisch will probably be confirmed because the hacker, or if authorities will launch a proper investigation.

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As of press time, ETH trades at $2,612 with a 1.6% revenue on the day by day chart.

ETH with small income on the day by day chart. Supply: ETHUSD Tradingview

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