@ethdaily.eth
The DAO hack on June 17, 2016 drained ~$150 million from the project's smart contracts. 🕵️♀️
Its recovery led to Ethereum's contentious hard fork into Ethereum (ETH) and Ethereum Classic (ETC).🍴
As a result, all ETH holders received ETC, The DAO hack victims recovered their ETH, and the hacker walked away with a bag of ETC.
Ten years later, TheDAO Fund activated over 75,000 ETH in residual funds, nearly matching the $150m raised in 2016 (at current prices), to fund Ethereum security. 🛡️
It's an intriguing story. 🤯
I recommend checking out Code Is Law to watch a glimpse of that journey with Griff, Lefteris, and Christoph.
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