Article Image

IPFS News Link • Hacking, Cyber Security

Robin Hood Counter Attack: DAO Is Empty, 7 Mln Ether Secured


In a bid to thwart the latest exploitation of The DAO's smart contract code, developer Alex Van de Sande, lead designer for the Ethereum Foundation announced on Twitter that the Ethereum development community were moving funds away from The DAO after reports on social media highlighted that funds were being drained from contracts on the network.

It was only a few days ago that news broke that millions of dollars worth of ether were taken from contracts on The DAO, sparking a heated debate as to what best action the owners of Ethereum can take.

Now, it seems as though the network is at the mercy of hackers again with reports emerging of a new alleged attack.