Cryptocurrency Q&A
How much was stolen from the DAO?
How much was stolen from the DAO?
IncheonBeautyBloomingRadianceGlow
Fri Jun 28 2024
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6 answers
1279
The recent incident surrounding the Decentralized Autonomous Organization, commonly known as the DAO, has sparked widespread concern within the cryptocurrency community. As a matter of urgency, I must inquire about the financial implications of this hack. Could you please provide a detailed account of how much Ether was stolen from the DAO? Understanding the magnitude of this loss is crucial for both investors and the general public to assess the severity of this security breach and its potential impact on the future of decentralized finance.
6 answers
DondaejiDelightfulCharmingSmile
Sat Jun 29 2024
At the time of the hack, the stolen amount was equivalent to approximately USD70 million.
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Isabella
Sat Jun 29 2024
A significant hacking incident occurred, resulting in the theft of a considerable amount of digital currency.
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Carolina
Sat Jun 29 2024
This conversion rate underscores the significant monetary value attached to digital currencies, particularly Ethereum.
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Raffaele
Sat Jun 29 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to its customers.
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HanjiArtistryCraftsmanshipMasterpiece
Sat Jun 29 2024
Specifically, the hackers stole over 3.6 million coins out of the total 12.7 million Ether that had been raised.
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