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The DAO Attack Explained! [VIDEO PODCAST]
The DAO attack is a piece of blockchain history that you probably want to know.
On the 17th of June, 2016, an unknown attacker started syphoning out thousands of dollars worth of ETH every second out of "The DAO".
The attacker managed to take 3.5 ETH (back then worth ~$50m), which eventually pressured the lead Ethereum community to hard fork the Ethereum blockchain on July 20, 2016.
Some helpful links that were mentioned in the podcast
CHECKS EFFECTS INTERACTIONS: https://fravoll.github.io/solidity-patterns/checks_effects_interactions.html
NYT on the Gün et al.’ paper in May 2016: https://www.nytimes.com/2016/05/28/business/dealbook/paper-points-up-flaws-in-venture-fund-based-on-virtual-money.html
The infamous “no-funds-at-risk” post: https://medium.com/ursium-blog/no-dao-funds-at-risk-following-the-ethereum-smart-contract-recursive-call-bug-discovery-29f482d348b#.mbfqikiyo (by Stephen Tual)
Vitalik’s blog post the day after the hack: https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability
Christoph Jentzsch “Lessons Learned” from the hack blog post: https://blog.slock.it/the-history-of-the-dao-and-lessons-learned-d06740f8cfa5
More on the alleged DAO hacker: https://www.forbes.com/sites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/?sh=4f07267b7f58
Laura Shin’s book “Cryptopians”: https://www.amazon.com/Cryptopians-Idealism-Greed-Making-Cryptocurrency-ebook/dp/B08Y8MQ66Z
Securities & Exchange Commission’s (SEC) 2017 evaluation on the legality of The DAO crowdsale: https://www.sec.gov/litigation/investreport/34-81207.pdf
We hope you enjoyed this podcast, if you did, please like & subscribe!
CryptoGirls' other media:
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Website: www.cryptogirlshq.com
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Support us!
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By Crypto GirlsThe DAO attack is a piece of blockchain history that you probably want to know.
On the 17th of June, 2016, an unknown attacker started syphoning out thousands of dollars worth of ETH every second out of "The DAO".
The attacker managed to take 3.5 ETH (back then worth ~$50m), which eventually pressured the lead Ethereum community to hard fork the Ethereum blockchain on July 20, 2016.
Some helpful links that were mentioned in the podcast
CHECKS EFFECTS INTERACTIONS: https://fravoll.github.io/solidity-patterns/checks_effects_interactions.html
NYT on the Gün et al.’ paper in May 2016: https://www.nytimes.com/2016/05/28/business/dealbook/paper-points-up-flaws-in-venture-fund-based-on-virtual-money.html
The infamous “no-funds-at-risk” post: https://medium.com/ursium-blog/no-dao-funds-at-risk-following-the-ethereum-smart-contract-recursive-call-bug-discovery-29f482d348b#.mbfqikiyo (by Stephen Tual)
Vitalik’s blog post the day after the hack: https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability
Christoph Jentzsch “Lessons Learned” from the hack blog post: https://blog.slock.it/the-history-of-the-dao-and-lessons-learned-d06740f8cfa5
More on the alleged DAO hacker: https://www.forbes.com/sites/laurashin/2022/02/22/exclusive-austrian-programmer-and-ex-crypto-ceo-likely-stole-11-billion-of-ether/?sh=4f07267b7f58
Laura Shin’s book “Cryptopians”: https://www.amazon.com/Cryptopians-Idealism-Greed-Making-Cryptocurrency-ebook/dp/B08Y8MQ66Z
Securities & Exchange Commission’s (SEC) 2017 evaluation on the legality of The DAO crowdsale: https://www.sec.gov/litigation/investreport/34-81207.pdf
We hope you enjoyed this podcast, if you did, please like & subscribe!
CryptoGirls' other media:
Instagram: https://www.instagram.com/cryptogirlshq/
Website: www.cryptogirlshq.com
Spotify: https://open.spotify.com/show/1D8JSMBZ3BpXXeuwWWrZsL?si=3d86482d1aea4c78
Support us!
Shop Trezor hard wallets! https://affil.trezor.io/SHBQ
Patreon: https://www.patreon.com/cryptogirlshq?utm_medium=clipboard_copy&utm_source=copyLink&utm_campaign=creatorshare_creator&utm_content=join_link