The U.S. Attorney's Office in the Northern District of California charged Elliot Gunton and Anthony Tyler Nashatka with hacking EtherDelta in December 2017.
EtherDelta hacking arrest
EtherDelta is a cryptocurrency exchange built on the Ethereum blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details.
According to the indictment, Gunton and Nashatka changed the settings of the EtherDelta domain name system to deceive the users of the exchange, "get their addresses, private keys and withdraw funds contained on them".
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Fraudsters were able to change the settings of the domain name system, gain access to the EtherDelta employee’s phone number and use this phone number to access the employee’s email.
The duo then used email to gain access to the EtherDelta domain name system account, redirecting website traffic to a "fake website that resembles a real EtherDelta platform". Visitors to a fake website were stolen their private keys and cryptocurrency addresses, and their wallets were seized.
According to the indictment, Gunton and Nashatka were able to steal cryptocurrencies worth at least $800,000 from one EtherDelta user.