Blog | G5 Cyber Security

$55 Million in Digital Currency Stolen from Investment Fund

An experimental investment fund based on the digital currency ether has been hacked, with about $55 million worth of the currency stolen. Founders of the $150 million fund, known as the Decentralized Autonomous Organization, shut it down in the wake of the June 17 hack. The attackers appeared to have exploited a loophole that essentially allowed a DAO stakeholder to create an identical fund and move money into it. The DAO’s founders are planning to “fork” the code and effectively void the hacker’s transactions.”]

Source: https://www.healthcareinfosecurity.com/55-million-in-digital-currency-stolen-from-investment-fund-a-9214

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