Journalist Claims She Identified the 2016 DAO Hacker, Evidence Shows Investigators ‘De-Mixed’ Wasabi Transactions

An nonfiction published by writer Laura Shin, and probe stemming from the blockchain surveillance steadfast Chainalysis, claims to place the alleged individuality of The DAO hacker who drained millions of dollars worthy of ethereum from the decentralized autonomous enactment connected June 17, 2016. Shin’s and Chainalysis’s findings impeach the erstwhile Tenx CEO, Toby Hoenisch, of being down the $60 cardinal hack that saw the nonaccomplishment of 3.6 cardinal ether, which is present worthy adjacent to $10 cardinal utilizing today’s speech rates.

Uncovering the 2016 Genesis DAO Hack

In the summertime of 2016, determination were 2 important hacks that shocked the cryptocurrency assemblage — The DAO hack and the Bitfinex breach. Following the caller apprehension of the couple who allegedly possessed the stolen Bitfinex BTC, writer Laura Shin has published caller findings connected The DAO hacker and she claims to person identified the idiosyncratic down the notorious hack. The DAO, besides referred to arsenic the Genesis DAO was a decentralized autonomous enactment that managed to rise $150 cardinal successful ethereum (ETH).

EXCLUSIVE:
With the work of my publication today, I tin yet announce: successful the people of penning my book, my sources and I judge we uncovered the individuality of the Ethereum's 2016 DAO hacker.

— Laura Shin (@laurashin) February 22, 2022

However, connected June 17, 2016, an idiosyncratic discovered a bug successful the codification that allowed the idiosyncratic to drain funds from the organization’s stash. In a substance of hours, the hacker drained 3,600,000 ether worthy astir $60 million, and utilizing today’s speech rates the 3.6 cardinal ether is worthy $9.3 billion.

The Genesis DAO hack not lone wreaked havoc connected the terms of ethereum (ETH), it besides caused a divide wrong the Ethereum assemblage and yet caused the concatenation to split. Now much than 5 years later, Shin’s publication called “The Cryptopians” claims to person discovered the individuality of the hacker.

“We place the evident hacker — helium denies it — by pursuing a analyzable way of crypto transactions and utilizing a antecedently undisclosed privacy-cracking forensics tool,” Shin’s Forbes report astir the person’s alleged identity.

The Forbes nonfiction indicates that Shin leveraged a “powerful and antecedently concealed forensics instrumentality from crypto tracing steadfast Chainalysis” successful bid to assistance uncover the mystery. The findings sermon a blockchain transaction that allegedly derived from the erstwhile Tenx CEO Toby Hoenisch.

When Shin and her friends approached Hoenisch, helium denied the claims wholly and stressed: “Your connection and decision is factually inaccurate.” Despite Hoenisch’s denial, Shin included the communicative successful her publication and did an exposure connected the probe arsenic well. “Since Hoenisch won’t speech to me, I tin lone speculate astir his imaginable motives,” Shin said.

The Forbes writer continued:

Back successful 2016 helium identified method vulnerabilities successful The DAO aboriginal and whitethorn person decided to onslaught aft concluding his warnings weren’t being taken earnestly capable by the creators of The DAO.

Chainalysis Discovers DAO Attacker Sent 50 BTC to a Wasabi Wallet, Shin Claims Transactions Were “De-Mixed” by the Blockchain Intelligence Firm

Shin’s nonfiction has besides surprised the community arsenic she reports that Chainalysis discovered the attacker sent 50 BTC to a Wasabi wallet. Wasabi is simply a privateness wallet and Shin claims that the Coinjoin wallet’s transactions were “de-mixed” by Chainalysis, “using a capableness that is being disclosed present for the archetypal time,” she added.

“In a final, important step, an worker astatine 1 of the exchanges confirmed to 1 of my sources that the funds were swapped for privateness coin Grin and withdrawn to a Grin node called grin.toby.ai. (Due to speech privateness policies, usually this benignant of lawsuit accusation would not beryllium disclosed),” Shin wrote. The writer added:

The IP code for that node besides hosted Bitcoin Lightning nodes: ln.toby.ai, lnd.ln.toby.ai, etc., and was accordant for implicit a year; it was not a VPN. It was hosted connected Amazon Singapore. Lightning explorer 1ML showed a node astatine that IP called Tenx.

As mentioned above, Toby Hoenisch denied the accusations, aft Shin sent him a papers that described her evidence. She wrote that helium said helium would springiness much details but ne'er responded aft the archetypal email. “In addition, aft receiving the archetypal papers detailing the facts I’d gathered, helium deleted astir each his Twitter past (though I’ve saved the applicable tweets),” Shin adds. In the meantime, galore crypto supporters are discussing the underlying parts of Shin’s communicative which item the blockchain surveillance methods.

The privacy-centric bitcoin wallet Samourai criticized Wasabi implicit the wallet’s mixing strategy aft Shin’s nonfiction published. “It should beryllium *impossible* for a idiosyncratic to harvester a pre-mix coin with a post-mix coin,” Samourai tweeted connected Tuesday. “This script is intolerable owed to the architecture of some JoinMarket and Whirlpool. Why is it imaginable successful Wasabi?” In summation to the statement, Samourai attached a tweet from July 2019, which describes the alleged problem.

What bash you deliberation astir the writer Laura Shin’s find astir the 2016 Genesis DAO hack? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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