tldr; The DAO hack, which resulted within the theft of $70 million value of Ether, is popularly often known as the DAO Assault. The DAO was launched in April 2016 by means of a token sale of DAO tokens in trade for Ether (ETH), and was presupposed to function a enterprise capital agency directed by its traders. The hack occurred not as a result of there was a flaw within the Ethereum however one in every of its utility and the way it was coded.
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