The DAO hack

E364853

The DAO hack was a 2016 exploit of a major Ethereum-based investment fund smart contract that led to the theft of millions of ether and ultimately prompted a controversial hard fork of the Ethereum blockchain.

All labels observed (2)

Label Occurrences
The DAO 1
The DAO hack canonical 1

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf Ethereum incident ⓘ
cryptocurrency hack ⓘ
cybersecurity incident ⓘ
smart contract exploit ⓘ
affectedProject The DAO investment fund ⓘ
affectedProjectType decentralized autonomous organization ⓘ
approximateValueStolenInEther about 3.6 million ETH ⓘ
approximateValueStolenInUSDAtTheTime about 50 million USD ⓘ
associatedWith Ethereum Classic supporters ⓘ
Ethereum Foundation response ⓘ
cause recursive call bug ⓘ
reentrancy vulnerability ⓘ
smart contract vulnerability ⓘ
communityReaction deep division within Ethereum community ⓘ
support for both fork and no-fork positions ⓘ
controversy code is law principle ⓘ
immutability versus intervention debate ⓘ
date 2016-06-17 ⓘ
exploitedComponent The DAO split function ⓘ
exploitTechnique repeated recursive withdrawals ⓘ
followedBy ongoing legal and regulatory discussions about DAOs ⓘ
shutdown of The DAO ⓘ
governanceIssue on-chain versus off-chain governance debate ⓘ
impact highlighted risks of smart contract bugs ⓘ
increased scrutiny of ICOs ⓘ
loss of confidence in The DAO ⓘ
regulatory attention to Ethereum and DAOs ⓘ
legalCharacterization disputed theft versus legitimate use of contract code ⓘ
locationInBlockchain Ethereum mainnet ⓘ
linked to: Ethereum blockchain
notableFor being one of the earliest major DeFi-related exploits ⓘ
leading to permanent split between ETH and ETC ⓘ
platform Ethereum ⓘ
linked to: Ethereum blockchain
precededBy launch of The DAO in 2016 ⓘ
response community vote on hard fork ⓘ
introduction of best practices for smart contract development ⓘ
security audits of Ethereum smart contracts ⓘ
temporary halt of The DAO operations ⓘ
result Ethereum hard fork ⓘ
creation of Ethereum Classic ⓘ
loss of user funds ⓘ
network split ⓘ
theft of ether ⓘ
securityLesson importance of formal verification for smart contracts ⓘ
need for upgradable contract patterns ⓘ
risk of unaudited complex smart contracts ⓘ
target The DAO ⓘ
linked to: The DAO hack
timeToDrainFunds spread over several hours ⓘ
triggeredEvent Ethereum hard fork at block 1920000 ⓘ
creation of Ethereum Classic chain ⓘ
year 2016 ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Ethereum blockchain → hardForkReason → The DAO hack ⓘ
The DAO hack → target → The DAO ⓘ
linked to: The DAO hack