#eth #ethereum #dao #ethxbt #etheur #ethusd #btc #dao

Fundamentally, it appears that somebody wrote a smart contract.

/*
Developers, cryptographers and computer scientists should note that any high-level tools (including IDEs, formal verification, debuggers, symbolic execution) that make it easy to write safe smart contracts on Ethereum are prime candidates for DevGrants, Blockchain Labs grants and String’s autonomous finance grants.
*/

blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability