Reading time: ~2 m
Recently, the world of digital assets was shaken up by the news that Forbes journalist Laura Shin published the book “Cryptopians: Idealism, Greed, Lies and the Creation of the First Big Cryptocurrency Craze”. In this book, a woman tells readers about the founding of a certain cryptocurrency platform that enabled users to create their own virtual coins, thereby activating a new “crypto fever”.
Shin introduces readers to prominent figures in the digital space, such as Buterin, the Web3 wunderkind, Charles Hoskinson, and Joe Labin (a former Goldman Sachs vice president turned one of the most famous cryptocurrency billionaires).
“Sparks fly as these prominent personalities fight for their place in what seems to be a limitless new business world,” the woman writes, describing the “crypto-clans” confrontation.
This fascinating book shows the cryptocurrency market for what it really is. To be more precise, the writer focuses on the large-scale struggle of the rich for influence and leadership in the coming revolution in the “new money” industry.
But most of all, the attention of readers who managed to get acquainted with the book was attracted by the statement of the journalist that in the course of her next investigation, she managed to find a hacker involved in hacking The DAO on Ethereum in 2016. Shin claims that the hack was carried out by Austrian programmer Toby Hoenisch, co-founder and CEO of TenX, a company that once issued cryptocurrency debit cards but eventually went bankrupt.
It should be emphasized that as part of the above investigation, Laura Shin collaborated with Chainalysis, a blockchain platform analytics company. Chainalysis confirmed that it had hacked the CoinJoin Mixer service, and thus found out how the attackers managed to hack The DAO 6 years ago and steal ETH coins. Analysts expressed confidence that hackers used technology to anonymize transactions.
Continuing to reveal the details of a hacker attack many years ago, the journalist recalled that this event took place in June 2016, when the attackers took advantage of vulnerabilities in TheDAO code and stole a third of all the organization’s funds (3.64 million ETH). And if at that time this amount was equal to $100 million, today the amount of stolen assets would be $11 billion.
In this context, it should be emphasized that Toby Hoenisch himself managed to react to the results of the research of the writer. He denied all accusations, pointing out that there was not enough evidence for such statements. He also refused to give an interview to a journalist and called her activities “usual PR.” Despite all this, after the release of the book, Hoenisch deleted all posts on his Twitter, leaving only one for 2021, in which the man reported on “moving” to the “mastodon”, apparently, it was a social network.
Recall that we previously reported that an unknown hacker once again hacked the Solana platform.
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