Ex-Crypto CEO accused of 2016’s $11 billion Ethereum DAO hack

According to journalist Laura Shin and Blockchain data security firm Chainalysis, in 2016, a programmer, Toby Hoenisch, allegedly stole 3.6 million ETH from The DAO, worth roughly $9 billion today.

The co-founder and former CEO of a cryptocurrency startup TenX has been accused of stealing a massive Ethereum stash in The DAO hack six years ago. The stolen crypto is worth $9 to $11 billion today. However, the ex-CEO has denied the claims made by journalist Laura Shin in her article published in Forbes. 

DAO Hack- Largest Crypto Hacks Ever

In 2016, a programmer, Toby Hoenisch, allegedly stole 3.6 million ETH from The DAO, worth roughly $9 billion today. This hack led to Ether’s history’s most controversial decisions- the hard fork that created the Ethereum blockchain and the original network Ethereum Classic.

The DAO was among the world’s first-ever decentralized autonomous organizations. It served as an open-source platform to fund crypto projects and raised around 12.7 million ETH through crowdfunding. The amount was valued at $150 million at that time. During the hack attack, the organization lost nearly one-third of the project’s funds.

Details of the Findings

According to Shin, this finding is part of an extensive investigation for

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