Cryptocurrency Q&A
How much ETH was stolen in the DAO hack?
How much ETH was stolen in the DAO hack?
Alessandra
Thu Jun 27 2024
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6 answers
1686
Could you elaborate on the extent of the financial impact caused by the DAO hack in terms of the amount of Ethereum (ETH) stolen? This particular hack has been widely discussed in the cryptocurrency community, and I'm interested in gaining a deeper understanding of the monetary implications. It's crucial to assess the severity of such attacks to ensure the security and stability of the blockchain ecosystem. Therefore, a precise figure of the ETH stolen during the DAO hack would be highly valuable.
6 answers
Sara
Sat Jun 29 2024
This setback occurred on June 17, 2016, when a skilled hacker exploited a vulnerability in the platform's security.
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Eleonora
Sat Jun 29 2024
The attack resulted in the theft of funds amounting to approximately $70 million, specifically 3.6 million Ethereum (ETH).
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TaekwondoPower
Sat Jun 29 2024
The scale of the theft was unprecedented, raising concerns about the security and reliability of decentralized autonomous organizations (DAOs).
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CryptoWizardry
Sat Jun 29 2024
Shortly after its inception, The DAO encountered a significant challenge that reverberated throughout the cryptocurrency community.
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HanjiArtistryCraftsmanshipMasterpiece
Sat Jun 29 2024
The DAO was seen as a groundbreaking project that aimed to revolutionize the way decentralized organizations operate.
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