The 2016 attack on TheDAO was the result of a flaw in its code allowing an attacker to slowly drain funds from the main platform into other newly-created DAOs, relying on good actors to engage with those offshoot DAOs to stop the attacker from withdrawing funds entirely. — Reuters
One of the most significant hacks in the history of crypto has gone unsolved for almost six years, after an unknown attacker siphoned 3.6 million Ether – worth over US$9bil (RM37.66bil) at current prices – from a decentralised fund known as TheDAO. Now, journalist Laura Shin says in a new book that she may have discovered the person behind it.
The 2016 attack on TheDAO was the result of a flaw in its code allowing an attacker to slowly drain funds from the main platform into other newly-created DAOs, relying on good actors to engage with those offshoot DAOs to stop the attacker from withdrawing funds entirely.
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