Unchained Exclusive: Crypto’s Biggest Whodunnit: Who Was Behind the 2016 DAO Attack on Ethereum? - Ep.322
Feb 22, 2022
Delve into the intriguing investigation of the 2016 DAO hack, where millions in Ether were stolen. Discover the identity of the suspected hacker, aided by advanced blockchain tracking techniques. The conversation digs into the DAO's significance, security flaws, and the ripple effect on Ethereum's evolution. Hear about the controversial choices that led to a hard fork and the legal implications that shaped the future of decentralized organizations. This detailed exploration combines personal stories and expert insights, unraveling the complexities of crypto's wild past.
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Early Ethereum and the DAO
- Ethereum was less than a year old when the DAO gained traction, and its price was still in the low double digits.
- The DAO's crowdsale boosted Ether's price significantly, attracting many non-crypto people.
Slock.it and Key Players
- Slock.it, the company behind the DAO, aimed to build a decentralized sharing economy using a smart lock called SLOC.
- Key figures included Christoph and Simon Jentzsch, Stefan Tual, Lefteris Karapatsas, and Griff Green.
The Concept of "Illegal"
- The term "illegal" was coined by Gavin Wood, describing decentralized systems like Bitcoin operating outside human laws.
- Christoph Jentzsch was inspired by this concept when creating the DAO.
