Samson Mow, CEO of JAN3, has stirred the cryptocurrency community with his statement on X, equating Ethereum to the collapsed crypto exchange FTX. This claim was linked to a tweet by on-chain investigator “TruthLabs” (@BoringSleuth), which has further intensified the debate.
TruthLabs’ tweet reveals a concerning connection between a founding Ethereum developer and the infamous “Blockchain Bandit”, notorious for large-scale crypto thefts. The tweet alleges that one of Ethereum’s founding developers sent Ethereum/Gas to the Blockchain Bandit during a period when the Bandit was draining wallets on the Ethereum Blockchain. This incident occurred three months before The DAO exploit, which TruthLabs suggests was an inside job.
TruthLabs’ claim from October 2023 implicates Christoph Jentzsch, a core Ethereum developer and the mind behind The DAO. The claim states that not only did Jentzsch launch The DAO, but another Ethereum core developer interacted with the Blockchain Bandit’s wallet before the DAO Hack.
Steven Nerayoff, a former Ethereum advisor and self-proclaimed “ETH whistleblower”, has expressed frustration over the lack of media coverage on these allegations. Nerayoff insists that the DAO Hack bears the signs of being an inside job, and he believes that the transaction reversal, potential market manipulation, and insider trading suggest a broader conspiracy. Nerayoff is preparing a lawsuit against Ethereum founders Vitalik Buterin and Joseph Lubin for alleged fraudulent activities.
The “Blockchain Bandit” is a notorious figure in the crypto world, known for exploiting weak private keys and stealing over $90 million in cryptocurrency. The DAO hack remains a significant incident in crypto history, where a hacker exploited a smart contract vulnerability in the DAO, leading to the theft of over $50 million in Ether and resulting in a controversial hard fork in the Ethereum blockchain.
Samson Mow’s comparison has put Ethereum’s security, governance, and history under scrutiny, with the crypto world now awaiting concrete evidence or rebuttals to these serious allegations. At the time of writing, Ethereum was trading at $2,691.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Christoph Jentzsch, TruthLabs (@BoringSleuth), Samson Mow, Steven Nerayoff, Vitalik Buterin, Joseph Lubin |
| Companies | JAN3, TradingView.com, TruthLabs, Forbes Colombia, FTX, Ethereum Foundations |
| Currencies | Bitcoin, Ethereum |
| Securities | None |
