The DAO was one of many first and most formidable initiatives launched on Ethereum. Think about a completely decentralized fund the place tokenholders might put money into thrilling new ventures collectively. It was imagined to be an ‘unhackable pile of cash’. $250 million price of Ether, about 16% of the accessible Ether provide was locked within the DAO. It was the largest crowdfunding occasion in historical past. Then the DAO was hacked.
If you wish to know extra concerning the story of the DAO hack click on right here: https://defire.cash/dao-hack-avsa/
Right this moment the information was launched that Laura Shin, writer, podcaster and journalist has came upon who the alleged DAO hacker actually is. This is the complete story: https://www.forbes.com/websites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/