“On Friday, thieves exploited a software bug that allowed them to transfer more than 3.6 million ‘ether’—the base unit of the Ethereum currency—out of The DAO’s coffers. The digital loot made up more than a third of The DAO’s 11.5 million ether endowment. The seized booty is valued at anywhere from $45 million (based on the plummeting value of ether following the attack) to as high as $77 million (based on pre-attack exchange rates). In the days following the theft, there have been at least a half-dozen copycat attacks (for instance, as documented here and here) that combined have purloined more than 785 ether.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
SF Bay Area House Sales Plunge in June (Month-over-Month AND Year-over-Year)
Philippines to disband anti-drug death squads after killing South Korean businessman
“Entrapment” by the IRS resulted in “ruinous penalties” for ordinary Americans
CIA Torture Report Now Fast-Tracked, Over Republicans' Objections
White House demands military prisons for Americans under NDAA
Florida Yacht Broker: Why Bitcoin Is Better Than Credit Cards
Nevada bill would legalize gambling on federal elections
US Now Admits It Is Funding "Occupy Central" In Hong Kong
Should Detroit’s Bankruptcy Be an Early-Warning Sign for Washington?
Idaho Seizes Medical Marijuana Activists' Kids
Jim Rogers CNBC India - 12 Sept 2012
Lavabit chief predicts 'long fight' with feds (Q&A)
Court Orders YouTube To Delete Every Copy Of 'Innocence Of Muslims'
Our Immigration System Is Leaving Iraqi and Afghan Translators to Die
Militarized Police: The Standing Army the Founders Warned About