NewsDialy
Ten years after an attacker drained roughly 3.6 million ETH from The DAO, the crypto industry is treating the anniversary not as a cautionary footnote but as a founding moment — one credited with spurring the creation of the modern crypto security industry.
What began as a $50 million exploit now sits at the claimed origin of a $130 million Ethereum security fund.
What The DAO Was — and Why It Drew So Much Capital A DAO, short for decentralized autonomous organization, is a pool of resources governed by code published on a blockchain rather than by executives or a board.
The rules are written in software; in theory, no single party can override them.
Keep reading