The Stolen DAO Funds Are On the Move

Sep 6, 2016 at 21:31 UTCUpdated Sep 7, 2016 at 14:00 UTC. More than $5m worth of digital currency associated with the attack on The DAO is on the move.

Identified via an analysis of the ethereum classic blockchain, the finding comes courtesy of data analyst Bok Khoo.

While a seemingly small development, the fund transfer is likely to have a deep relevance for those who have been following the debates in ethereum stemming from The DAO's failure.

After an attack on The DAO successfully moved $60m to an account controlled by an unknown individual or group, an eventual hard fork of the ethereum blockchain returned the hacked funds to the original owners.

The decision led to a split of the ethereum community along ideological lines, with ethereum classic continuing to use the network's original record of transactions and balances.

1,000 classic ethers have been transferred from the new account identified by Khoo to an account associated with the developers of ethereum classic.

Since the funds are now in an account that does not appear to be restricted by The DAO's withdrawal policies, the ether should now be able to be withdrawn.

The development follows Khoo's identification of the new address and his ability to show how those funds originated from another account earlier associated with The DAO. What happens next is still up in the air.

There doesn't appear to be any online marketplaces currently accepting ethereum classic in exchange for goods.

One digital currency exchange currently trading classic ethers has already indicated it worked with "Law enforcement" before releasing additional funds associated with the attack.