I think Ethereum will be finished after this attack

[Mastercon]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

thats true though the  hacker is definitely not going to be dumping his money soon, i think that he will hold it for the future when a pump will happen

Nobody dares to pump the ETC if he knows somebody will dump the coins to him at a very high price.

Most ETC buyers or traders are just in for the short term profit. They do not believe the further development of the ETC.

[1715140163]

1715140163

[1715140163]

1715140163

[Minecache]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

thats true though the  hacker is definitely not going to be dumping his money soon, i think that he will hold it for the future when a pump will happen

Nobody dares to pump the ETC if he knows somebody will dump the coins to him at a very high price.

Most ETC buyers or traders are just in for the short term profit. They do not believe the further development of the ETC.

Further developments of the ETC criminal coin? There's been no developments of the ETC criminal coin and there will be none. Remember, thieves never prosper.

[bbc.reporter]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

thats true though the  hacker is definitely not going to be dumping his money soon, i think that he will hold it for the future when a pump will happen

Nobody dares to pump the ETC if he knows somebody will dump the coins to him at a very high price.

Nobody? Are you sure? What about the attacker? He is an ETC whale and how do whales make money? They pump, we follow and then they dump on us. Then onward to another coin, rinse repeat.

[Pursuer]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

thats true though the  hacker is definitely not going to be dumping his money soon, i think that he will hold it for the future when a pump will happen

Nobody dares to pump the ETC if he knows somebody will dump the coins to him at a very high price.

Nobody? Are you sure? What about the attacker? He is an ETC whale and how do whales make money? They pump, we follow and then they dump on us. Then onward to another coin, rinse repeat.

not only him but all the ETH whales are now ETC whales too.
and also many other traders have become big whales in the last few weeks of trading ETC and accumulating it by spreading FUD like the above comments, to create panic and chaos and use the opportunity to buy cheaper coins.

[greatr]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

yeah, that would be some great profit to him to be honest though we dont know what he wants to do and what not and that is a bad thing

[Juhagic]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

yeah, that would be some great profit to him to be honest though we dont know what he wants to do and what not and that is a bad thing

Follow Up Statement on the ETC Salvaged from attackDAOs

https://www.reddit.com/r/ethereum/comments/4xasg3/follow_up_statement_on_the_etc_salvaged_from/?st=irri2xtr&sh=eda9fbff

[Kaller]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

yeah, that would be some great profit to him to be honest though we dont know what he wants to do and what not and that is a bad thing

Follow Up Statement on the ETC Salvaged from attackDAOs

https://www.reddit.com/r/ethereum/comments/4xasg3/follow_up_statement_on_the_etc_salvaged_from/?st=irri2xtr&sh=eda9fbff

It seems that is no firm decision yet.

Following the events of the last 24 hours we want to keep the community updated:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.

[shyliar]

Why wouldn't they just move the ETC to a return contract and distribute it in the exact manner as ETH was returned (didn't read a single complaint about that method on any forum).

Having moved it to exchanges to sell seems somewhat absurd behaviour if you're planning on returning people's property. My favorite comment on the subreddit was by i3nikolai:

popcorn futures surging

[BTCLovingDude]

ethereum took a big hit after the DAO hack and the poorly handled situation after it by this centralized altcoin.
this is something that it can never clear from its name and will always remain with ethereum forever. and the price is surely fake because everybody was trading ETC when ETH got pumped by the whales and manipulators which was unnatural.

[coin_gambler]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

thats true though the  hacker is definitely not going to be dumping his money soon, i think that he will hold it for the future when a pump will happen

Nobody dares to pump the ETC if he knows somebody will dump the coins to him at a very high price.

the hacker might not dump his coins, we dont know anything about it to be honest, besides that only etc is the real ethereum right now

[dumada]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

thats true though the  hacker is definitely not going to be dumping his money soon, i think that he will hold it for the future when a pump will happen

Nobody dares to pump the ETC if he knows somebody will dump the coins to him at a very high price.

the hacker might not dump his coins, we dont know anything about it to be honest, besides that only etc is the real ethereum right now

If you think the ETC is the real Ethereum now, you should buy some ETC and donate to the development.

[buyinbtc]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

we do not know the plan of his though i think that etc is still going to be better, maybe he has already dumped his coins we will never know

[Mastercon]

whitehat removed 7million etc from dao!
https://www.reddit.com/r/ethereum/comments/4wnlxg/whitehat_removed_7million_etc_from_dao/?st=irlt3zyf&sh=9b87b9f9

Do we know the plan of the white hat hacker? If they dumped the ETC at a price of $2 each, that is good money.

we do not know the plan of his though i think that etc is still going to be better, maybe he has already dumped his coins we will never know

The plan of the white hat is to return all the DAO ETC:

After having received repeated legal threats from various individuals holding significant stakes in The DAO (still continuing), we sought legal advice to help us pursue our goal without endangering ourselves or the salvaged funds. We found support and legal advice from Bity SA, a trusted Swiss entity. It has agreed to protect, secure and later distribute the funds equitably under an independent Swiss legal structure. The number 1 goal has always been to ensure that the salvaged funds are distributed in a fair, transparent and just manner. This remains unchanged.

When the salvaged ETC were able to be recovered, signals were received from the greater community to distribute these ETC in ETH, to continue to support Ethereum projects. Also, a large portion of the community does not have the technical ability to safely work both with ETC and ETH in the same address; therefore, returning part of salvaged ETC in ETH seemed to be the safest for all the parties involved. The first actions from the Swiss structure took place Tuesday August 9th and it preferred to not announce the movement of ETC in advance to avoid speculators taking advantage of the situation. Part of these funds are still on exchanges and the rest of the funds are held in the following accounts:

ETC Multisig: 0x1ac729d2db43103faf213cb9371d6b42ea7a830f

ETH Multisig: 0xd3b0b4fc31ee1f8570c75c19caa93cc1557e538f

BTC Multisig: 3JYwxuaHGKt8rZ9NbTEcyYRXtqkfN5Lz5Y

BTC Multisig2: 3Er3uMqBruv8VnhXUjyRbp2McASUE8t9HA

It has now become clear that this approach will introduce many unnecessary complications and wouldn’t bring certainty to all DAO Token Holders that they would be treated equally and with fairness. The objective evolved from the most desirable outcome (distributing ETH and ETC) to the most efficient and comprehensible distribution solution, that all funds will be made available in ETC to the DAO Token Holders. To achieve this, all exchanges will be asked to return the funds to the Multisig wallets.

We would like to thank the community for their trust and ask for their patience as the responsibility of returning this value to the DAO Token Holders is not an easy task. We are under a lot of pressure, but throughout this process we will continue to do the best that we can to protect the interests of the DAO Token Holders.

All the legal and technical work of the community members and the companies involved, has always been on a volunteer and pro-bono basis. Following our first statement, members of the community have expressed their keenness to donate crypto assets in recognition for the efforts deployed to salvage the ETC from the attackDAOs and to distribute it back to the community. Accordingly, it will be possible to donate when retrieving the funds. We will communicate next with a detailed plan for the distribution.

[greenuser]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"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."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

[umairsaleem011]

Fhew! I looked quickly and didn't notice this post was from early June! I was like NOOO NOT AGAIN!!!  lol 

[Zaducis]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"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."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

[GreenBits]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"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."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

I disagree Those coins are correlated with the ones on the ETH blockchain, and belong proportionately to the entire DAO (all participants). To not ask for community consensus before attempting to sell the coins feels a bit disgenuine;  they made a big deal about community 'consensus' for the hardfork.  Essentially, these coins don't belong to them completely, and they should have made their actions public as this is a pretty serious conflict of interest. Also, they have managed to make these coins non liquidable for the time being, they can't be returned by the exchanges. They have already made their motivations clear with their actions; the exchanges would be crazy to give them back the ammo they need to crash the price. So the exchanges will drag ass getting the coins back to them, whike the price goes up because there are that many fewer coins in play.

[varusisog]

TODAY the Merkle ran with...
White Hat Hackers Caught Red-handed During Attempted ETC Sell-off

"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."

http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/

If they sell the ETC and send the funds to the Ethereum Classic, then it is good. Any way, they should be able to do whatever they want.

I disagree Those coins are correlated with the ones on the ETH blockchain, and belong proportionately to the entire DAO (all participants). To not ask for community consensus before attempting to sell the coins feels a bit disgenuine;  they made a big deal about community 'consensus' for the hardfork.  Essentially, these coins don't belong to them completely, and they should have made their actions public as this is a pretty serious conflict of interest. Also, they have managed to make these coins non liquidable for the time being, they can't be returned by the exchanges. They have already made their motivations clear with their actions; the exchanges would be crazy to give them back the ammo they need to crash the price. So the exchanges will drag ass getting the coins back to them, whike the price goes up because there are that many fewer coins in play.

I heard that the white hat hacker will return the DAO ETC to the original owners. We do not know the intention of the black hat yet.

[bbc.reporter]

You heard wrong. They attempted to dump all the ETC to buy ETH and use that to fund development on the forked chain. The exchanges Poloniex and Kraken now have frozen some of those funds.

The white hat hacking group actually has connections with the Ethereum foundation. Now they have Swiss lawyers involved in the return of the funds. That is bad news for the DAO holders because they might lawyer their way from giving the funds back to the actual owners.

Why did they not return the funds right away?

[Kaller]

You heard wrong. They attempted to dump all the ETC to buy ETH and use that to fund development on the forked chain. The exchanges Poloniex and Kraken now have frozen some of those funds.

The white hat hacking group actually has connections with the Ethereum foundation. Now they have Swiss lawyers involved in the return of the funds. That is bad news for the DAO holders because they might lawyer their way from giving the funds back to the actual owners.

Why did they not return the funds right away?

I think they want to influence the price of the ETH and ETC. But that is just my speculation, not necessary true.