Some of Our Sources
- Slashdot
- Just Creative
- Joshua Blankenship
- Abduzeedo
- Vandelay Design
- Creative Curio
- Web Design Ledger
- Line 25
- Android Dissected
- Android Headlines
Help Webnuz
Referal links:
June 17, 2016 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/LBmFxUN4AOE/digital-currency-ethereum-is-cratering-amid-claims-of-a-50-million-hack
Digital Currency Ethereum Is Cratering Amid Claims Of a $50 Million Hack
Digital currency Ethereum's value has dropped amid a hack on DAO (Decentralised Autonomous Organisation), an organisation with huge holdings of Ethereum (Wikipedia page). Its value is now below $15, down from more than $21 a few minutes ago. It is believed that as much as $50 million of the digital currency has been stolen. From a blog post on DAO: An attack has been found and exploited in the DAO, and the attacker is currently in the process of draining the ether contained in the DAO into a child DAO. The attack is a recursive calling vulnerability, where an attacker called the "split" function, and then calls the split function recursively inside of the split, thereby collecting ether many times over in a single transaction.From a Quartz report: It's no surprise that cryptocurrency markets are in a panic. Funds invested in the DAO represents more than 10% of all the ether in circulation ($81.8 million worth). A massive hack on the DAO's holdings would be roughly equivalent to a successful heist at a major financial institution.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/LBmFxUN4AOE/digital-currency-ethereum-is-cratering-amid-claims-of-a-50-million-hack
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot