$53 million worth of digital currencies stolen from investment fund

The trust in cryptocurrencies has had a big punch after a hacker was able to abstract $53 million from the investment fund The DAO. DAO is short for ‘decentralized autonomous organization’. Multiple experts wrote that the hack was possible thanks to a mistake in the code. The platform uses the digital coin ether, which is seen as the possible successor of bitcoin.
Source: Igaming News