Can someone explain what is going on here? | Hacker News

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		shocks on June 17, 2016 \| parent \| context \| favorite \| on: Critical Update on DAO Vulnerability Can someone explain what is going on here?

distances on June 17, 2016 [–]

I'd also appreciate an explanation for audience who's never heard of DAO or Etherium.

jbpetersen on June 17, 2016 | [–]

A Turing complete blockchain was used to create a crowd-funded venture fund [TheDAO].

There was a bug in TheDAO's code. It got exploited in order to siphon off cryptocurrency worth many millions in USD.

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