Hacker May Have Taken $50 Million From Cybercurrency Project
Marlene Breverman stashed this in Cyber-Security
A hacker appears to have moved digital money worth more than $50 million from an experimental virtual currency project that recently raised more than $150 million — all of it in the form of Ether, an alternative cybercurrency to Bitcoin.
Stashed in: Bitcoin
Ethereum is more than just a cryptocurrency... it's a distributed software model, with lots of interesting possible applications. Including, some of predicted, virtual distributed corporations that basically *are* software... or at least, driven by Ethereum-run software as a sort of "constitution"
So then it doesn't surprise you that a hacker could steal millions?
Adam, I am not surprised because computer systems are difficult to secure, especially complex new ones. But as these these go, it's a notable compromise!
Geege, is your name pronounced with one syllable or two? I don't know much about the topic but check out https://en.wikipedia.org/wiki/Decentralized_autonomous_organization
Agreed that it's a notable compromise.