Samson Mow, CEO of JAN3 and a prominent figure in the cryptocurrency community, sparked debate by suggesting Ethereum may be the next FTX, referencing a tweet by TruthLabs that exposed unsettling connections between a core Ethereum developer and the notorious “Blockchain Bandit”.
The tweet by TruthLabs revealed a period during 2015/2016 when significant amounts of Ethereum and Gas were transferred to the “Blockchain Bandit” amid a wallet-draining frenzy on the Ethereum Blockchain, hinting at a possible inside job.
Further adding to the controversy, TruthLabs implicated Christoph Jentzsch, a core ETH developer and brain behind the DAO, in the scandal. Jentzsch allegedly interacted with the Blockchain Bandit’s wallet just before The DAO Hack, indicating a potential calculated, inside-driven event.
Steven Nerayoff, a former Ethereum advisor, expressed frustration over the lack of media coverage on these allegations, calling the DAO Hack one of the biggest bombs in crypto history. He demanded on-chain data to verify or refute the claims.
Despite the legal actions initiated by Nerayoff against Ethereum founders Vitalik Buterin and Joseph Lubin for alleged fraudulent activities, there has been recent silence around Nerayoff. Meanwhile, the DAO hack remains a significant event in crypto history, leading to 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. The crypto community now faces a critical juncture, demanding thorough investigations and clear answers to these serious allegations.