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Can you (or anyone) give me a few more keywords to find more info about that claw-back of funds? I'm new to the crypto space and my google-fu is lacking today,
by DrammBA 5y ago
Can you (or anyone) give me a few more keywords to find more info about that claw-back of funds? I'm new to the crypto space and my google-fu is lacking today, can't find anything about Ethereum defective contract and subsequent claw-back of funds.
- nstj 5y agohttps://www.gemini.com/cryptopedia/the-dao-hack-makerdao https://www.gemini.com/cryptopedia/the-dao-hack-makerdao
- hackingforfun 5y agoIt was The DAO hack [1]. [1] https://www.gemini.com/cryptopedia/the-dao-hack-makerdao https://www.gemini.com/cryptopedia/the-dao-hack-makerdao
- beachwood23 5y agoA good overview can be found on the Wikipedia page for Ethereum Classic. ETHC is made up of the users and miners who didn't want to "claw-back" those funds. https://en.wikipedia.org/wiki/Ethereum_Classic https://en.wikipedia.org/wiki/Ethereum_Classic
- eightysixfour 5y agoHere's the wiki article: https://en.wikipedia.org/wiki/The_DAO_(organization) https://en.wikipedia.org/wiki/The_DAO_(organization)
- nrmitchi 5y agoIIRC, back in the day, there was the original DAO. They released this very large contract, citing "the code is the law". The code had a bug, and someone drained the $50M or so contract. Since everyone lost a bunch of money, the majority agreed to fork Ethereum and roll back the hack, leading to "Ethereum" (with the roll back), and "Ethereum Classic" (without the rollback).