(In January 2024, Coinlive)

The #EthereumFoundation is under legal scrutiny for its suspected involvement in the 2016 #Gatecoin hack, prompted by revelations from on-chain analyst #TruthLabs , also known as @BoringSleuth. Allegations suggest the Foundation's direct role in the exploit, raising concerns over the security of $450 million worth of $ETH . Previous accusations by TruthLabs targeted key figures like #VitalikButerin and Joseph Lubin, met with silence from the accused amid overwhelming evidence. Support from former advisor Steven Nerayoff adds weight to the claims, highlighting the lack of response as strategic. Evidence analyzed from ETH wallet addresses suggests a financial motive behind the alleged involvement. The investigation carries significant implications for the Foundation's financial stability and integrity, as it faces unprecedented challenges and awaits a response to the accusations, potentially impacting its reputation in the blockchain community.

https://www.coinlive.com/news/ethereum-foundation-faces-legal-scrutiny-over-gatecoin-hack