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Title: [2016-06-17] The DAO Attacked: Code Issue Leads to $60 Million Ether Theft Post by: ChrisPop on June 18, 2016, 12:30:37 PM The DAO, the distributed autonomous organization that had collected over $150m worth of the cryptocurrency ether, has reportedly been hacked, sparking a broad market sell-off.
A leaderless organization comprised of a series of smart contracts written on the ethereum codebase, The DAO has lost 3.6m ether, which is currently sitting in a separate wallet after being split off into a separate grouping dubbed a "child DAO". Ether markets plunged on the news, falling below $13 in trading on the cryptocurrency exchange Poloniex. With ether currently trading at roughly $17.50 per coin, that puts the value of the stolen cryptocurrency at more than $60m. http://www.coindesk.com/dao-attacked-code-issue-leads-60-million-ether-theft/ (http://www.coindesk.com/dao-attacked-code-issue-leads-60-million-ether-theft/) |