Ethereum Developers Attempt to Dump Over 7 Mil ETCs into Exchanges

Bitcoin Watch Shop

Did the Ethereum Foundation secretly try to kill its sibling rival Ethereum Classic? The question may never be answered. But according to reports, few developers from the Ethereum Foundation may have been involved (in an individual capacity) in the recent attempt to dump close to 8 million ETC tokens into exchanges.

The reports started emerging after the cryptocurrency exchanges Poloniex and Kraken received over $10 million worth of ETC from what’s known as the White Hat team (part of the anonymous Robin Hood Group). The White Hat team was instrumental in recovering the ether that was siphoned off in the recent DAO attack. Now, they seem to have successfully recovered the ETC associated with DAOs.

The White Hat team is reported to have transferred over 7 million ETCs to an address whitelisted by the DAO curator to separate it from the associated ETHs.  However, there was no information about who was responsible for trying to dump the recovered ETC into two leading exchanges supporting the Ethereum offshoot. While there is limited information currently available on the members of White Hat Team, one of the former known associates – Alex Van de Sande has cleared his involvement by announcing that he

Read more ... source: NewsBTC USA

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