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JAN3’s CEO and one of the pioneers of Bitcoin adoption, Samson Mow, ignited a heated debate within the crypto currency community with a thought-provoking statement. His “Ethereum is the next FTX” remark created shockwaves and drew attention to a tweet by “TruthLabs” (@BoringSleuth).
Harsh Words for Ethereum and Unveiling Disturbing Connections
The tweet by TruthLabs exposes unsettling connections between a founding Ethereum (ETH) developer and the notorious, elusive “Blockchain Bandit” known for orchestrating significant crypto thefts. The revelation points to a concerning period during a wallet-draining frenzy on the Ethereum Blockchain in 2015/2016, when substantial amounts of Ethereum and Gas were sent to the Blockchain Bandit.
The emergence of this connection a year later raises questions about its timing and intentions. Moreover, TruthLabs hints at Christoph Jentzsch, a core ETH developer and the brain behind the DAO, in their October 2023 claim.
Lack of Media Coverage on the Issue
According to the claim, Jentzsch, along with another Ethereum core developer who had access to Ethereum Foundations Wallets, interacted with the Blockchain Bandit’s wallet just before The DAO Hack. This suggests an inside connection and that the DAO Hack could have been a calculated, internally driven event.
Steven Nerayoff, a former Ethereum advisor who declared himself an “ETH whistleblower,” expressed his disappointment over the lack of media coverage of these allegations. Emphasizing the severity of the DAO Hack, he described it as “the biggest bomb in crypto history” and called for on-chain data to confirm or refute these claims.
Silence and Legal Preparations: An Evolving Narrative
Despite the heat and preparations for the lawsuit Nerayoff filed against ETH founders Vitalik Buterin and Joseph Lubin for alleged fraudulent activities, there has been a prevailing silence around Nerayoff in recent weeks. No definitive filing date for the lawsuit has been announced.
Known for stealing over $90 million in crypto by exploiting weak private keys, the “Blockchain Bandit” resurfaced with the latest movements of the stolen funds. Meanwhile, the DAO hack, a significant event in crypto history, triggered a controversial hard fork on the ETH Blockchain after a hacker exploited a smart contract vulnerability, resulting in the theft of over $50 million in Ether.
At its core, the crypto currency community now faces a crucial turning point, demanding comprehensive investigations and clear answers. Samson Mow’s bold comparison has brought Ethereum’s security, governance, and historical events to the forefront, calling on stakeholders to present concrete evidence or counterarguments to address these serious allegations.
