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Didn't Ethereum very early on push an update that undid a $50 million hack?
by loceng 5y ago
Didn't Ethereum very early on push an update that undid a $50 million hack?
- arcticbull 5y agoYep, the "trustless for thee but none for thanks" model. On the plus side the DAO hackers are doing very well for themselves economically, the old chain, Ethereum Classic, is having a moment [1]. [1] https://coinmarketcap.com/currencies/ethereum-classic/ https://coinmarketcap.com/currencies/ethereum-classic/
- ChrisClark 5y agoYeah, they figured at that early point in the chain's life, having one hacker control so much of all ETH in existence was worth saving it. It was a hard coded contract change to fix the exploit. No rollbacks though, the funds that were already stolen, stayed stolen. They had to be 'stolen' back, recovered, using the same hack the hacker was using.