I'd also appreciate an explanation for audience who's never heard of DAO or Ethe... | Hacker News

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distances on June 17, 2016 | parent | context | favorite | on: Critical Update on DAO Vulnerability

I'd also appreciate an explanation for audience who's never heard of DAO or Etherium.

jbpetersen on June 17, 2016 [–]

A Turing complete blockchain was used to create a crowd-funded venture fund [TheDAO].

There was a bug in TheDAO's code. It got exploited in order to siphon off cryptocurrency worth many millions in USD.

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