The DAO hack at 10: From $50 million exploit to a $130 million Ethereum security fund
The Block·
60-second summary
An attacker is currently draining roughly 3.6 million ETH from The DAO, helping to spur the creation of the modern crypto security industry. This exploit has sparked a significant response, with a proposed $130 million Ethereum security fund being discussed to compensate affected users and enhance overall security measures in the industry.
Ten years ago, an attacker drained roughly 3.6 million ETH from The DAO, helping to spur the creation of the modern crypto security industry.