>$50 USD Million worth of ETH stolen by DAO bug?

Started by crypto4ever, June 18, 2016, 01:27:52 AM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Print
Go Down Pages1
User actions

pc

#4
June 18, 2016, 07:51:29 AM
Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 [url="http://bitcoin.quisquis.de"]http://bitcoin.quisquis.de[/url]

crypto4ever

#3
June 18, 2016, 03:05:12 AM
Quote from: BunkerChain Labs on June 18, 2016, 01:30:35 AM
Can happen to any poorly written smart contact anywhere.

That's a fair statement with 2 exceptions:

1. Over $50 Million U.S. dollars was "stolen" in this event.  This is a terribly big deal.

AND

2. Smart contracts are still new, and so is the language and structure.  I wouldn't recommend heavily investing in anything like this until the technology is proven and better understood.

Which means:

Caution, caution, caution.

BunkerChainLabs-DataSecurityNode

#2
June 18, 2016, 01:30:35 AM
Can happen to any poorly written smart contact anywhere.
+-+-+-+-+-+-+-+-+-+-+
[url="//www.peerplays.com"]www.Peerplays.com[/url] | Decentralized Gaming Built with Graphene - Now with BookiePro and Sweeps!
+-+-+-+-+-+-+-+-+-+-+

crypto4ever

#1
June 18, 2016, 01:27:52 AM

So smart contracts on the ETH blockchain can have these things happen to them?

https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability/

Quote
An attack has been found and exploited in the DAO, and the attacker is currently in the process of draining the ether...
Print
Go Up Pages1
User actions