In 2016, unknown people robbed The DAO, the first autonomous decentralized network based on Ethereum. A hacker exploited a vulnerability in the platform's security system to transfer 3.64 million ETH - or 31% of the DAO's total assets - to a third-party account. The amount stolen at that time was about $55 million, and today it is estimated at more than $11 billion.

Crypto journalist Laura Shin alleges that Toby Hoenisch, a 36-year-old developer and co-founder of the now defunct crypto platform TenX, may be the culprit of the robbery. Hoenisch, who currently helps run a stablecoin platform called Mimo, was allegedly very interested in The DAO at the time of the hack.

Shin lays out his case for why the young crypto entrepreneur was likely behind the heist. According to the journalist, the digital traces associated with the hack point to him. Sheen says she used a "previously secret" digital forensics tool that was provided by analytics firm Chainalysis to investigate. She managed to find out that the cryptocurrency was converted into bitcoins, after which the hacker tried to hide the transaction history. However, with the help of a tracking tool, investigators determined the path of the stolen coins and found that they ended up in accounts on four different crypto exchanges. On one of these exchanges, the cryptocurrency was converted to Grin and subsequently sent to crypto nodes with names almost identical to the social accounts owned by Hoenisch: these names included "ln.toby.ai", "lnd.ln.toby". ai" and "TenX". In comparison, Hoenisch uses the nickname “@tobyai” on many social networks, and at the time of The DAO heist, he was the CEO and co-founder of TenX.

According to Shin, Hoenisch was "strongly" interested in The DAO in 2016 and even contacted its operators to notify them of platform vulnerabilities.

However, Hoenisch denies all accusations. When questioned by Shin, he only stated, "Your statement and conclusion are factually inaccurate."

bbabo.Net