{"id":7719,"date":"2021-05-12T09:27:30","date_gmt":"2021-05-12T13:27:30","guid":{"rendered":"https:\/\/cointelegraph.com\/magazine\/?p=7719"},"modified":"2021-06-04T05:33:25","modified_gmt":"2021-06-04T09:33:25","slug":"griff-green-doge-loving-hippy-hacker-steals-crypto-before-bad-guys-can","status":"publish","type":"post","link":"https:\/\/cointelegraph.com\/magazine\/2021\/05\/12\/griff-green-doge-loving-hippy-hacker-steals-crypto-before-bad-guys-can","title":{"rendered":"Griff Green: Doge-loving hippy hacker steals crypto before bad guys can"},"content":{"rendered":"

The organizer of The Robin Hood Group \u2014 which once stole 10% of all circulating ETH from under a black hat hacker\u2019s nose \u2014 wants to change the way we think about charity.<\/b><\/p>\n

A former chemical engineer, Griff Green, 36, traded in his savings for precious metals, which he used to travel the world for years before settling as a Bitcoin missionary in Ecuador. He led a white hat hacker war against the infamous black hat hacker of The DAO, and he organizes cryptocurrency camps at Burning Man to spread the word about crypto \u2014 while dressed as Santa and riding a massive metal Doge.<\/p>\n

His next big mission, with the blockchain-based charity initiatives Giveth and Commons Stack, is to transform the game of economics into one in which donations transform into investments… investments that can even wind up with the donor making a profit.<\/p>\n

DAO master<\/h4>\n

The morning of June 17, 2016, was a pivotal day in cryptocurrency \u2014 it was the day The DAO was hacked. The DAO was arguably the first major decentralized autonomous organization, having raised 14% of all circulating Ether in existence at the time from over 11,000 investors in May 2016. It functioned as an investor-driven venture fund, with tokenholders able to vote on investment proposals.<\/p>\n

But a malicious actor found an exploit allowing funds to be progressively drained from The DAO\u2019s accounts. Green quickly organized his white hat hacker collective, The Robin Hood Group, to launch a counteroffensive.<\/p>\n

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White hat hacker and philanthropist Griff Green. (Pic: Supplied)<\/figcaption><\/figure>\n

One week later, Green would be among the first nine graduates from the University of Nicosia\u2019s Master\u2019s in Digital Currency program. He was hired by Slock.it, a company developing on Ethereum, as a community manager responsible for organizing and educating The DAO\u2019s community.<\/p>\n

Green jumped onto a Slack channel for The DAO\u2019s investors, imploring them not to panic as his team rushed to drain what was left of the project\u2019s holdings before the attackers could. He encouraged users to spam the network as much as possible to slow it down and increase gas fees, making it harder for the real hacker:<\/p>\n

\u201cThe DAO is being attacked. It has been going on for 3-4 hours, it is draining Ethereum at a rapid rate. This is not a drill\u2026 We need to spam the Network so that we can mount a counter attack all the brightest minds in the Ethereum world are in on this.\u201d<\/p>\n

At the same time, his team started replicating the hacker\u2019s attacks for itself, draining The DAO\u2019s wallets of ETH before the hacker could take it.<\/p>\n

\u201cWe had 10% of all Ether in existence.\u201d<\/p><\/blockquote>\n

\u201cWe were taking a huge risk,\u201d Green acknowledges regarding the legality of preemptively stealing tens of millions in Ether so the hacker couldn\u2019t. The Ethereum chain was controversially forked following the hack in order to \u201cturn back time\u201c to before the hack, but Ethereum Classic emerged as a still-valuable token. This meant that Green and crew effectively held 10% of all ETC with the funds they had stolen.<\/p>\n

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