ok can you guys stop trading
- Ethereum
An attacker exploits a reentrancy bug in The DAO smart contract, draining 3.6M ETH (~$60M), leading to the controversial Ethereum hard fork. When the DAO was being drained by an attacker (millions of ETH were being siphoned off due to a vulnerability), Vitalik and other Ethereum community members urged exchanges to pause trading, deposits, and withdrawals to prevent the stolen ETH from being quickly liquidated and causing further damage to the market.
Incident Details
- Type
- PROTOCOL EXPLOIT
- Funds Lost
- $60M
- Status
- Funds recovered
Ethereum community split; hard fork created ETH and ETC chains.