Earlier this week, the alleged DAO hacker moved their funds from the Ethereum Classic chain.

While transferring the Ether, the hacker moved 1,000 ETC, approximately $1420 at the time of publication, to the Ethereum Classic’s development team. The address was originally listed by ETC member, Bit Novosti, as a donation address to help with future ETC projects. 

This donation kept many believing the theory that the DAO hack in June was an insider job. However, it was a small donation. The hacker stole over 3.6 million Ether, currently valued above $5 million. If this theory were true, the hacker would have sent a significant amount to the ETC developers.

A logical reason for the hacker to donate 1,000 ETC to ETC projects would be considered an act of retaliation against the Foundation. The hard fork terminated any possibility of the hacker receiving funds. The hacker could agree with Ethereum Classic’s policy that “Code is law”, but not because the hard fork caused them to lose $50 million during the hack. The hacker believes they retrieved the funds from the DAO contract legally. 

Danielle Meegan

Danielle Meegan is a writer at ETHNews who is based in Los Angeles, though she is a native of New Hampshire. Danielle has been published in a couple of magazines and newspapers throughout the years covering sports and entertainment. Danielle has dabbled with multiple virtual currency exchanges to understand the ins and outs of trading. As of right now, Danielle has invested in over 15 different virtual currencies, including Ether. Read More
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