Re:Critical Update on DAO Vulnerability
by joosters on Friday June 17, 2016 @08:20AM
(#11922158)
The DAO's 'terms and conditions' were the contract code itself. During the crowd sale, it was often said that 'investors' need to look at the code because that is the only binding agreement. I guess it turns out that's a lie too.
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Could the attacker then attack DAO for breach of contract ? That would be the ultimate plot twist.
I expect the attacker either found a contract allowing them to short ether, or made some similar arrangement. Unless it's an attack on tech itself for personal reasons, someone's getting a lot of real money today...
Re:Critical Update on DAO Vulnerability
by dragonwriter on Friday June 17, 2016 @12:41PM
(#11923668)
> During the crowd sale, it was often said that 'investors' need to look at the code because that is the only binding agreement. I guess it turns out that's a lie too.
No, it turns out that that's completely true, and that's the problem.