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

[pc]

Can happen to any poorly written smart contact anywhere.

Shameless plug: https://steemit.com/bitshares/@cyrano.witness/before-entering-into-a-smart-contract--read-the-fine-print

[crypto4ever]

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]

Can happen to any poorly written smart contact anywhere.

[crypto4ever]

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/

An attack has been found and exploited in the DAO, and the attacker is currently in the process of draining the ether...