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Biggest Ether Cryptocurrency Theft Brought to a Conclusion

A very simultaneous threat to cryptocurrency is the associated thefts and digital scams to the digital currencies’ development. This week saw OpenSea which is a digital asset buying and selling platform, being a victim of the assault phishing. A complete of 254 NFTs (Non fungible tokens) priced at euro 1.5 million disappeared in a single day. This emptied the pockets of more than 30 individuals. What is worst you ask, this isn’t the only cryptocurrency theft that has occurred; in fact, there have been loads of similar precedents in the last 10 years.

One of the very first cryptocurrency heist

took place six years ago. Known by the name of “The DAO”, this case featured the robbery of 3.6 million ether (ETH) which if present with the original holders would have given them a value of around 10 million euros at present. The mastermind behind this huge robbery remains anonymous to this day. Nonetheless, an investigation conducted by the tech- savvy journalist and author blockchain Laura Shin, unmasked the thief of one of the greatest robberies that took place within the historical past of Ethereum Cryptocurrency.

Who was it that hacked the Ethereum DAO?

This was the question that Shim continued to ask himself as he found himself launching an investigation to bring to light the criminal behind the theft of 3.6 million ether, which then were at the value of around 50 million dollars. Six years after the actual incident, Shin truly believes he has cracked the mystery and finally discovered who is to be held accountable for the same. Based on his studies from his new ebook, The Cyrptopians: Idealism, Greed, Lies, and the Making of the First Massive Cryptocurrency Craze, the journalist advised the unveiling in an article of Forbes.

Ethereum is the second largest cryptocurrency on the planet,

succeeding the most liked of them all, bitcoin. The corporate is valued at $360 million. Created by Vitalik Buterin, a local of Russia, this person is one of the most influential individuals inside the crypto market. He also met the President of Russia, Vladimir Putin in the year 2017. Last year, when Ashton Kutcher and Mila Kunis surprised their followers with a cameo with the creator of ETH, the currency saw an exponential growth in recent time. Even after enjoying such popularity, the person liable for such a big theft in 2016 remains anonymous. Finally unveiling the name of the perpetrator, Shin pointed the finger toward Toby Hoenisch, a 36- year- old programmer, who is the co- founder and CEO os a platform that gives wallets, TenX. Hoenisch however, denies any such accusations and in fact, provided proof in order to counter all the accusations put forth by Shin, proof that by no means got here. The journalist has made claims to have had contact with the latter on 4 occasions though e mail to corroborate all the details, however, the latter never replied. Additionally after receiving the knowledge that such an investigation was under process, Hoenisch deleted almost all of her Twitter historical past. 

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