Fact Labs has simply launched an ongoing investigation, blowing the lid off new information concerning the origin of Ethereum’s Preliminary Coin Providing wallets.
The most recent phase highlights some unnerving ties between Ethereum’s funding and infamous Silk Highway addresses belonging to Ross Ulbricht, the mastermind behind the notorious darknet market, and the Mt. Gox exploiter often called “Dread Pirate Roberts” (DPR).
Shady Origins
Fact Labs’ newest report reveals that the ICO wallets of Ethereum, together with those associated to the founders of My Ether Pockets, had been initially funded by Bitcoin addresses associated to the Silk Highway. Based on Fact Labs, these addresses are tracked straight again to Ross Ulbricht’s “Dread Pirate Roberts” pockets. The implications of those connections are profound; certainly, the very basis of Ethereum could also be associated to illicit actions courting from the early days of Bitcoin.
The diagram beneath, launched by Fact Labs, visually represents the circulate of funds from Silk Highway addresses by way of quite a few wallets and finally into Ethereum’s ICO pockets. In the end, the complicated net ties up with the wallets of MEW founders, who’ve beforehand been accused of the DAO exploit and varied different questionable actions.
A Chain Marred by Dangerous Actors
Fact Labs describes Ethereum as a blockchain that has been tarred and feathered by theft, fraud, and cash laundering on an unprecedented scale. The most recent disclosure means that the Bitcoin used to fund Ethereum’s ICO was stolen from Silk Highway, a market synonymous with criminality.
“Ethereum, The Blockchain who’s been ridden with Theft, Fraud, and Cash Laundering on a scale by no means seen earlier than, was initially funded from Bitcoin from the Very Similar Silk Highway Deal with’ that Ross Ulbricht stole from,” acknowledged Fact Labs.
The implications of this connection are monumental and lift extreme questions concerning the legitimacy of Ethereum’s funding sources and the ethical integrity of its founding workforce.
Fact Labs additional alleges that people inside Ethereum’s core workforce orchestrated most of the main exploits on Ethereum, together with the notorious DAO hack. Regardless of the gravity of those accusations, accountability stays elusive. The shortage of transparency and justice has fueled conspiracy theories and distrust inside the crypto group.
“I’m wondering why no person appears to get held accountable for any of the exploits on Ethereum, and why North Korea is blamed for exploits by the exact same MEW founder, turned investigator.”
The Silk Highway Connection
Ross Ulbricht, often called Dread Pirate Roberts, was the architect of Silk Highway, a platform that facilitated drug trafficking and different illicit actions utilizing Bitcoin. Ulbricht’s downfall was a pivotal second within the historical past of cryptocurrency, resulting in legislation enforcement seizing a big quantity of Bitcoin.
Fact Labs’ investigation suggests a sinister chance: may the seized Bitcoin have in some way made its method again into the palms of Ethereum’s founders? If confirmed true, this concept may unravel the perceived legitimacy of Ethereum’s origins.
The top query arises: “May following the path on the BTC community probably reply this query? No method the Seized BTC makes it again into Ethereum’s founders’ wallets, proper? RIGHT??”