Stefan Tual, the developer behind the infamous DAO project, has left the Ethereum community he has been a member of for nine years. Reported by The Block.

“I cannot conscientiously continue to act like everything is fine on Web3,” he wrote in a letter addressed to the organizers of the Ethereum London meeting.

Tual explained his decision in more detail in a post on Reddit.

“As of August 15, 2022, the ‘blockchain’ (or should I use the terminology generated by hedge funds ‘distributed ledger’?) is the first counter-regulator. I am not aware that I belong to this field, not a little, ”wrote the developer.

He added that it now plans to focus on other technologies such as mesh networks and software-defined radio.

Tual joined the Ethereum team in January 2014 as Director of Communications. He left his post to found Slock.it in September 2015.

Second, it developed a framework for creating a DAO. In the same year, The DAO project was created with the participation of Slock.it. In 2019, the startup was acquired by Nevada-based investment firm Blockchains.

Tual disappeared after the collapse of the DAO, but remained active in the Ethereum community. He left Slock.it in 2017 to create a cryptocurrency-focused business incubator. Tual also continued to host cryptocurrency-related events in London, the second largest by capitalization.

Earlier, journalist Laura Shin announced that former TenX co-founder Toby Henish was involved in hacking the DAO.

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