Laura Shin, a cryptocurrency journalist, and host of the Unchained Podcast claimed to have discovered the identity of the unknown hacker behind the 2016 DAO attack who siphoned off 3.6 million Ether, worth over $9 billion at current prices.
<h2><strong>TenX Co-founder Behind 2016 DAO Hack</strong></h2>
In her book, "The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze," journalist Laura Shin claimed that the hacker behind the 2016 DA0 attack is none other than the co-founder of Mimo Capital, Toby Hoenisch who is also the CEO of crypto debit card company TenX.

Launched in 2016, TheDAO, a decentralized venture fund raised $139 million, making it the most successful crypto crowdfund at the time. Within weeks of the fundarise, a hacker exploited weaknesses in TheDAO's code and siphoned 3.64 million ETH or roughly $50 million at the time into a new fund called the DarkDAO.

In order to stop the attacker from getting away with most of the stolen funds, Ethereum developers were forced to hard fork the network and leave the illicit funds in what became the Ethereum Classic (ETC) blockchain.
<h2><strong>Toby Hoenisch Denies Allegations</strong></h2>
Shin worked with blockchain analysis firm Chainalysis to trace funds from the hack to a Bitcoin mixer to an obscure privacy coin named Grin, which was then withdrawn to a Grin node linked to both Hoenisch and TenX. Meanwhile, Toby has <a href="https://www.forbes.com/sites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/?sh=1a8846b27f58" target="_blank" rel="nofollow noopener">reportedly</a> denied Shin’s allegations, calling her findings 'factually inaccurate.'

Crypto Journalist Reveals the Hacker Behind the 2016 DAO Attack

Laura Shin, a cryptocurrency journalist have discovered the identity of the unknown hacker behind the 2016 DAO attack.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Crypto Journalist Reveals the Hacker Behind the 2016 DAO Attack

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