The DAO Falls Victim to Cyber Attack Leading Ethereum to Crash Over 20%

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The DAO Falls Victim to Cyber Attack Leading Ethereum to Crash Over 20%

Postby kreslik.news » Thu Jun 16, 2016 10:45 am


It looks like centralizing so much of a cryptocurrency’s assets in one fund might be proven to be a catastrophic mistake after all.

About two hours ago users on cryptocurrency social forums started to report the DAO was bleeding money fast for no apparent reason. Very soon after the powers to be in charge of the DAO sound the alarm and announced it is under attack by hackers. They called all hands on deck, asking technically knowledgeable token holders to help stop the attack by doing various actions (further explained bellow).

The creator of Ethereum, Vitalik Buterin, has called on everyone to spam ... (read more)

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