Out of the Ether

Out of the Ether
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Discover how $55 million in cryptocurrency vanished in one of the most bizarre thefts in history Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almost Destroyed It All tells the astonishing tale of the disappearance of $55 million worth of the cryptocurrency ether in June 2016. It also chronicles the creation of the Ethereum blockchain from the mind of inventor Vitalik Buterin to the ragtag group of people he assembled around him to build the second-largest crypto universe after Bitcoin. Celebrated journalist and author Matthew Leising tells the full story of one of the most incredible chapters in cryptocurrency history. He covers the aftermath of the heist as well, explaining the extreme lengths the victims of the theft and the creators of Ethereum went to in order to try and limit the damage. The book covers: The creation of Ethereum An explanation of the nature of blockchain and cryptocurrency The activities of a colorful cast of hackers, coders, investors, and thieves Perfect for anyone with even a passing interest in the world of modern fintech or daring electronic heists, Out of the Ether is a story of genius and greed that’s so incredible you may just choose not to believe it.

Оглавление

Matthew Leising. Out of the Ether

Table of Contents

Guide

Pages

Out of the Ether. The Amazing Story of Ethereum and the $55 Million Heist that Almost Destroyed It All

Dedication

Cast of Characters. Ethereum Cofounders

Other important early people

Badass blockchain ninja warriors

Other really important early people

Important people who helped Ethereum go mainstream

Prologue

Part I

Zero

One

Two

Three

Part II

Four

Five

Six

Seven

Eight

Part III

Nine

Ten

Eleven

Twelve

Part IV

Thirteen

Fourteen

Fifteen

Sixteen

Seventeen

Eighteen

Nineteen

Twenty

Twenty-one

Twenty-two

Sources

Prologue

Zero

Two

Three

Four

Five

Six

Nine

Twelve

Thirteen

Fifteen

Sixteen

Seventeen

Eighteen

Nineteen

Twenty-two

Appendix

Acknowledgments

Index

WILEY END USER LICENSE AGREEMENT

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Matthew Leising

Every person in this story I'm about to tell you knew this. Felt it in their bones. Their views were well known and widely shared, yet nothing ever seemed to change. Capitalism was destroying the planet. Income inequality kept tightening its grip. Tech behemoths like Google, Apple, Amazon, Facebook, and Twitter owned the public square, where once all you needed was a soapbox to voice an opinion. Now any of these monopolists could censor you or shut you down for even clearing your throat. Human beings had ceded their organizing power to corporations that saw them as data to be harvested and sold. The grievances were long and detailed, and yet not many of these people could put their fingers on a way to effect change.

.....

Yet here I was sitting across from a person who for years had only been described to me as someone who lived in Switzerland. When researching the “Ether Thief” magazine story in 2017, the Ethereum people who suspected this man wouldn't reveal his name to me. It was rather cute, I thought at the time, and indicative of the ethics held by many in the Ethereum community: they wouldn't help spread the rumor that this man had been involved because they didn't really know if he'd done it.

In journalism, however, it's all about finding the right sources – the people who know the story. And I'd been lucky enough to find one such person. Exchanges are one of the only institutions in crypto that know the identities of their customers, and not even all exchanges do: some let people get an account and trade on their platforms with only an email address. But my hunt for the right source led me to someone who worked for an exchange. The names of three people in the Zürich area were shared with me by this person, along with transaction links from the exchange to their Ethereum transaction histories, links that pointed to the DAO attack. The man across from me was thought to be the leader of the group, I'd been told. I was enthralled, and yet knew this was almost certainly unsolvable. I only had a sliver of the whole story as I sat across from him. I would need him to confess to be certain.

.....

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