Categories: CryptoNews

[HOAX]Person Behind The DAO Attack Threatens With Legal Action Against Forking Plans

UPDATE: Story has been confirmed to be a hoax due to fake PGP signature.

 

The story regarding the loss of funds controlled by The DAO continues. In fact, things have taken a rather unexpected turn. An open letter allegedly written by the “hacker” has been leaked online. In this email, the person mentions how the funds were obtained through legal means, and how he is prepared to take legal action if anyone tries to steal his money.

The DAO “Thief” Surfaces

Although it remains unclear as to who is behind the attack against The DAO, things have taken an unexpected turn. The letter published by the alleged “thief” of the funds mentions how all of the Ether transferred to a child DAO are legitimately his. After all, he managed to withdraw funds from a smart contract that was validated by the protocol.

The loss of over 3 million Ether is a significant threat to the viability of The DAO, though. It should have been impossible for anyone to retrieve their funds, yet someone managed to exploit a loophole. Seeing as to how the Slock.It the team was aware of this problem, the “thief” mentions how “this feature is in place to encourage the creation of Child DAOs”.

It comes as no surprise this incident has caused quite a stir among the cryptocurrency community. The “thief” is disappointed this incident is labeled as theft since he made use of an explicitly coded feature per the smart contract terms. Moreover, he claims his law firm advised him the action taken is fully compliant with the US criminal and tort law. Rather interesting, to say the least.

Related Post

Right now, different solutions are being discussed to solve this problem. The Ethereum and DAO developers seem for a soft or hard fork, which would make the “stolen” funds null and void. Following either path would set a dangerous precedent for both Ethereum and The DAO, though. Moreover, the “thief” is not too amused by this prospect either, and stated:

“I reserve all rights to take any and all legal action against any accomplices of illegitimate theft, freezing, or seizure of my legitimate ether, and am actively working with my law firm. Those accomplices will be receiving Cease and Desist notices in the mail shortly.”

We will continue to monitor this story as it further develops. Do keep in mind this message may very well be a hoax. 

Source: Pastebin

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

10 Trusted Cloud Mining Platforms to Earn Free Bitcoin Daily in 2026

  Cloud mining continues to gain massive traction as 2026 inches closer. In tough economic…

7 hours ago

Jupiter Pushes Onchain Finance Forward With Its Biggest Upgrade Wave Yet

Solana Breakpoint wasn’t just another conference this year. It doubled as a stage for Jupiter…

23 hours ago

Ripple Payments Lands First European Bank With AMINA Bank AG

Ripple has scored a major regulatory milestone in Europe. AMINA Bank AG, a Swiss-regulated digital…

23 hours ago

a16z’s 2026 Crypto Vision: Stablecoins Surge, Tokenization Grows, and Asia Becomes the Next Battleground

a16z just dropped its annual report, and the message is clear: crypto isn’t slowing down.…

2 days ago

Ethereum Activates BPO-1 Upgrade, Boosting Blob Capacity and Expanding the Network’s Scaling Roadmap

Ethereum has activated BPO-1, a protocol adjustment that increases blob capacity per block from 6…

2 days ago

CryptoBench: AI Meets DeFi, Head-On

CryptoBench just landed. Developed by ChainOpera AI and Princeton AI Lab, under the guidance of…

3 days ago