Cryptocurrency Q&A
How much did DAO hack cost?
How much did DAO hack cost?
KatieAnderson
Wed Jun 26 2024
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6 answers
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I'm curious to know, could you elaborate on the financial implications of the DAO hack? I understand it was a significant event in the cryptocurrency world, but I'm wondering about the specific monetary value that was involved. Did it result in millions, tens of millions, or even more being lost? How did this impact the broader cryptocurrency market and investor sentiment? It seems like a crucial piece of information to understand the severity and aftermath of such a hack.
6 answers
IncheonBeautyBloom
Fri Jun 28 2024
The DAO was a groundbreaking concept, potentially the first global investment fund accessible to anyone.
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CryptoAlchemy
Fri Jun 28 2024
Its doors were open to individuals regardless of their background or financial status.
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TimeRippleOcean
Fri Jun 28 2024
However, on a fateful June morning, the dream of The DAO came to an abrupt end.
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DaeguDiva
Fri Jun 28 2024
A devastating hack occurred, causing immense losses to its participants.
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Daniele
Thu Jun 27 2024
The hack drained as much as $60 million worth of Ether, representing a significant portion of the funds contributed.
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