The curious tale of Ethereum: How a hacker stole $53m in digital currency and could legally keep it
On 17 June, a hacker rocked the digital currency world by exploiting a security vulnerability in a non-hierarchical collective Ethereum investment fund, stealing $53m (£36m) in digital currency.
After a usual cyberattack, this would be the end of the story, with the victims left to grieve their losses. However, nothing is ever simple in the unique and quirky world of cryptocurrencies. Join IBTimes UK as we break down what happened in the Ethereum DAO attack, how it happened and what the consequences are.
Ethereum is the name of a developer platform, where a large virtual network made up of multiple computers around the world make it simpler to build software programs, as the computers can encrypt data and check results without web developers needing to have a prior background in cryptography or mathematics.
