“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:
September 5th: Jury Rights Day
Report Predicts Increase in Sales of Private Greek Islands
Smoking Pot Kicks You Off Transplant Lists — Even In States Where It’s Legal
Mom Of Seven Dies In Prison After Judge Jailed Her For Kids’ Truancy
Virtual Currency Meets Healthcare as Polish Dentist Accepts Bitcoin
How ICE Works to Strip Citizenship from Naturalized Americans
Government Fees, Parking Tickets May Soon Be Paid in Bitcoin
The Federal Reserve Has Been Given Police Powers, with Glock 22s and Patrol Cars
Washington Appeals Court Bans Advisory Votes On Traffic Cameras
An Evening in Satoshi Forest
Fincen's New Regulations Are Choking Bitcoin Entrepreneurs
Precious Metals True To Form As Markets Wake To Reality
Gold Gone? Germany baffled as Fed bars access to bullion
China Officially Backs Russia On Syria, Warns On Global Economy
StopWatching.Us: Rally Against Mass Surveillance 10/26/13