Thread by @BoringSleuth

🚨🧵Proof of the Ethereum Foundations involvement in the Gatecoin Hack in 2016, prior to the DAO exploit 🚨

Below is a thread showing transactional evidence linking the Ethereum Team to the 185K Ether stolen from Gatecoin, now worth over $460M today. 👇

At the very end of this thread, I have included an appendix, which provides all addresses mentioned in this thread, as well as the mentioned transaction hashes.

Lets get started👇

The Gatecoin Hack occurred between May 9th and May 12th, 2016, prior to at the onset of The DAO's token sale & 1 Month Prior to The Dao Hack.

Per Gatecoin's official statement on May 14th, the hack resulted in losses of 185K Ethereum, valued at more than $460M today.

At the time, Gatecoin "claimed" that the hacker was able to alter their own system to bypass their multi-sig cold storage, so that all inbound Deposits into Gatecoin went straight to their exploitable Hot Wallet.

They list the 4 Hacker Eth address' below involved in the Exploit.

Among the 4 ETH address', one address, 0x1342a0, was originally funded PRIOR to the exploit. Our focus in this thread is looking into who it was that funded this Hacker's wallet, in hopes of gaining an idea of who it was that was behind the Hack. 👇

The Gatecoin Hacker originally funded their 2nd Hacking wallet 0x1342 with 1.6 ether. They sent the 1.6 ether from their wallet, 0x8266 on May 9th 2016. Below, you can see that is was the original transaction funding the Hacker wallet, and the details of the transaction.

Since 0x8266 funded the Hacking wallet, its important for us to understand more about them and their relationships On-Chain. We want to know who funded 0x8266, what did they did on-chain, and who did they interact with.

We know they are a Dev, because they setup 10 contracts.

When we look at who sent 0x8266, we see 3 different address'. Each of these address' are shown below.

Remember how 0x8266 sent 1.6 ETH to the official Hacker's wallet, 0x1342? This was the remainder of the 2 ETH that 0x8266 received from wallet 0x556b.

Since 0x556b was funding Gas to 0x8266 (hacker), it implies that they are either the same person, or very very closely related. Since 0x8266 only ever interacted with 3 address', its safe to assume they are at the very least, co-workers if not the same entity. Lets look at 0x556b

0x556b was definitely a Dev as well, as we can see below that they setup 9 seperate contracts. We know the hacker was a Dev based on how the exploit took place. We also know that each of the Hackers wallets setup contracts. Lets look at a couple of the contracts 0x556b setup.

0x556b seemed to be working on creating a Contract almost identical to The DAO contract. Below you can see one of their contracts, where a Proposal is created, and then that proposal can be voted on, and actioned there after. This contract predated the DAO contract by 6 months.

0x556b even created a couple tokens in December of 2015 called DAO kobi, and DAO Dollar. TheDAO's token contract wasn't setup until June 2016.

Clearly 0x556b is a Dev, who was working on developing contracts similar to the DAO contracts later launched.

Who setup/funded 0x556b?

0x556b, the last wallet that sent Gas money to the Hackers 0x8266 wallet when they needed it, was originally funded by the Ethereum Foundation's own Main wallet. In fact, they only ever received ETH from the Ethereum Foundation prior to the Gatecoin exploit, as shown below:

Below, you can see a basic forensics map, highlighting that Ethereum Foundation setup the Eth Main wallet. The Eth main wallet setup 0x556b. 0x556b sent gas money to the wallet 0x8266, who was the original Funder of the Official GateCoin Hackers wallet, 0x1342.

One reason the Ethereum Foundation may have gone on a hacking spree at the time, is because they were on the verge of Collapse. They themselves forecasted to run out of funds during the exact same period of the Gatecoin and TheDAO exploits.

https://twitter.com/BoringSleuth/status/1740643104196001801

We know that Vitalik trades Ethereum in the early days (and still today) to extend their runway.

https://twitter.com/i/status/1721299996677492972

Without a doubt in my mind, the Ethereum Foundation, or one of its CORE Team members, who was working on developing the contracts later used by the exploited infamous DAO, was involved in the Hacking of GateCoin, which walked away with over 185K Ether.

There are many other connections that support my findings. Below are some images that show some close connections, including a couple core ETH devs, and even a Dev involved with The soon to be exploited, The DAO contracts.

And before I go, I will leave you with one last Teaser. What could it all mean?

Over the course of the last decade, Ethereum has been ridden with Criminal activity, fraud, thefts, all controlled by intentionally incorrect storytelling. Rather than speaking out against the fraud, and putting an end to it, the Ethereum Team, especially Vitalik, says nothing.

Why am I solving these issues for them 10 years later, and I'm met with violence and threats for doing so? Why aren't the foundation praising me for helping solve their decade of fraud, that runs rampant to this day? 2022 and 2023 had more thefts than ever before.

Their lack of response to any of the allegations, and to the actual thefts and fraud themselves should only make you more curious.

If you believe in the power of a transparent yet private blockchain, free speech, and Truth, then join me and support the actual Truth.

Their actions are a direct threat on the freedom to transact, equality, free speech, and the Truth. If you aren't aware of this now, you will be soon.

Thanks for reading, and sharing, and remember,

Always stay curious my Friends

🫡

Appendix:

0x5ed8cee6b63b1c6afce3ad7c92f4fd7e1b8fad9f - Eth Team wallet
0x556b2b8d4c0da3433544756c237503ccf51b2df4 - Eth Team wallet, Gas sent to Hacker
0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae - Eth Foundation
0xab5801a7d398351b8be11c439e05c5b3259aec9b - Vitalik Buterin

Appendix continued:

0x8266c4a0e9301661f19c936b7bd16c0dfa37c6e6 - Hacker Wallet
0x1342a001544b8b7ae4a5d374e33114c66d78bd5f - Hacker Wallet
0x40b9b889a21ff1534d018d71dc406122ebcf3f5a - GateCoin