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 

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