A group of computer scientists released a paper on Friday describing a number of security vulnerabilities in a novel cryptocurrency crowdfunding project that has raised more than $100 million.
The authors of the paper argue that the money that has been put into the project, known as the Decentralized Autonomous Organization, could be frozen or stolen by attackers as a result of flaws in the way that the venture, known as the D.A.O., was set up. The money is all in a digital currency called Ether, which is a newer alternative to Bitcoin and exists entirely online.
The threats emerged on the eve of the organization’s move from fund-raising to operational mode, in which it will evaluate proposals to fund experimental digital projects
http://www.nytimes.com/2016/05/28/business/dealbook/paper-points-up-flaws-in-venture-fund-based-on-virtual-money.html
