On-Chain Investigator Drops Ethereum Bombshell, Vitalik Buterin Involved in $500M Gatecoin Hack?
New reports reveal that an investigator on the series has raised related allegations Vitalik Buterinfounder of Ethereum, led to the $500 million Gatecoin hack in 2016. According to the Crypto Sleuth Foundation, Buterin’s Ethereum Foundation was allegedly moving funds to the Gatecoin Hackers’ core wallet.
Buterin is accused of contributing to the Gaticoin Hack
TruthLabs, a popular crypto investigator and Sleuth on X (formerly Twitter), accused Buterin was directly involved in the first Ethereum hack in 2016, resulting in the loss of tokens worth more than $500 million today. A crypto analyst revealed that the wallet funding Hacker Gatecoin has received ETH from only three wallet sources.
Gatecoin Hacker’s original crypto wallet was allegedly funded by A Owned Ethereum wallet institutiona non-profit organization that supports the eth blockchain. The second funding wallet originated from the Ethereum Genesis account. This wallet interacted with two primary addresses – user-controlled Poloniex wallet A contract created by Buren.
TruthLabs also revealed that the third and final wallet it funded Gatcoin Pirates It was similarly generated from the Genesis 0 block. The cryptographer claimed that the third anonymous wallet was directly linked to the kernel Ethereum developerVlad Zamfir.
Based on these newly discovered developments, TruthLabs revealed that the static ledger currently indicates that Boren and members of the Ethereum Foundation were involved in the $0.5 billion Gatecoin hack. He announced that the Gatecoin exploit likely occurred 30 days before the institution forked money. Furthermore, this timeline predates the DAO exploit, which saw millions of dollars lost just weeks after the Gatecoin hack.
As of now, there has been no official response from Boren or the Ethereum Foundation regarding the allegations made by TruthLabs. The crypto community is also awaiting further clarification and confirmation of Boren’s involvement as the story develops.
Bitcoin put Silk Road in the spotlight
While Buterin is accused of being out of existence Connected to 2016 Gatecoin hackTruthLabs too subscriber An insight into recent developments involving the founder of the Silk Road Ross Ulbricht. According to claims by crypto investigators, Bitcoin seized from Silk Road wallet helped fund the 2014 ICO project of Ethereum and BTC wallets.
The analyst claimed that Ross’ imprisonment had financed the creation of… Ethereum FoundationBTC from Silk Road and Mt. Gox in foundation development. TruthLabs also called out Buterin for failing to show support for Ulbricht edition After being sentenced to life in prison without the possibility of parole in 2015.
Criticizing the founder, TruthLabs called it a “disgrace to integrity,” accusing Boren of compromising his ethical responsibilities. The on-chain investigator claims that Boren built the Ethereum Foundation using Silk Road Bitcoin But she failed to publicly defend Olbrich’s firing – a cause widely reported motive Within the crypto community.
Featured image from Medium, Chart from TradingView.com
