Other Noteworthy


Week of June 17, 2016

DAO Hacked!

The news of the week occurred Thursday night and into Friday morning as DAO (Decentralized Autonomous Organization) was hacked.  The hackers placed some $60.0 million of the digital currency ether into a DAO child account.  Though the hackers will likely never be able to access the actual funds, the hack appears to have been enough to end DAO.  The DAO system was built on Ethereum. Ethereum remains intact, as reports indicate the hack was the result of DAO.




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