There is still a significant debate going on regarding the Ethereum Classic funds obtained by self-professed white hat hackers. While they secured 7 million coins, several transactions were sent to exchange wallets in an attempt to cash out the money. An explanation was posted on Reddit, which seems to indicate funds will be returned to The DAO token holders after all.
THE WHITE HAT HACKER PLOT THICKENS
Albeit no one should trust self-professed white hat hackers by default, many people were confident in the team “tasked” with recovering funds stolen during The DAO attacks. With 7 million ETC at stake, funds have to be secure to prevent it being dumped on the market and crash the Ethereum Classic price.
After the funds were recovered by the white hat hackers, some transactions were sent to exchange wallets This caused a lot of speculation among Ethereum Classic enthusiasts, as there was no official explanation for doing so. Moreover, the ETC price saw a significant decline, which seemed to indicate the funds was being sold-off by these “trustworthy” individuals. For the full article click here
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