27 Oct '16, 9pm

The Plot Thickens As DAO Attacker Trades Stolen Funds for Bitcoin

The Plot Thickens As DAO Attacker Trades Stolen Funds for Bitcoin

The DAO hacker is one step closer to turning a real-world profit. The saga that started in June with a high-profile hack on ethereum's most notable project , took another turn on Wednesday when nearly $100,000 worth of digital currency associated with the incident was converted into bitcoin. Given the impact of the hack on the ethereum ecosystem (it sparked weeks of debate and led to a schism among the technology's supporters), the whereabouts of the funds have long been a matter of public interest . Funds first began moving in August and were reported to be in transit again in September . Now, analysis from Bok Consulting founder Bok Khoo indicates that a portion of the funds have reached at least one major exchange. Khoo, who has been tracking the theft for months, first determined that the hacker split the funds into 2,333 ETC chunks on Wednesday in an attempt to sidest...

Full article: http://www.coindesk.com/dao-attack-hacker-trades-funds-bi...

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