A blog post by Ethereum founder Vitalik Buterin announced on Friday that an attack had been found and exploited in the DAO, and that the attacker was in the process of draining $50M of ether contained in the DAO into a "child DAO".
A futuristic technology experiment appears to have fallen prey to a common technological risk, as operators of a new investment fund based on a digital currency said they had suffered a catastrophic hack. Founders of the fund, DAO, which was built around a digital currency called Ethereum and which raised more than $150 million this