kaal:claim:3227933-035

Fundamental flaws in the DAO's code allowed hackers to transfer one third of the total contributed funds to a subsidiary account, and this together with other technological limitations ended the initiative, but the authors argue it did not end the underlying vision of decentralized autonomous organization.

To be sure, fundamental flaws in the DAO code made it possible for hackers to transfer one-third of the total contributed funds to a subsidiary account. This, and other technological limitations meant the end of the initiative

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 7. Decentralized Autonomous Organizations, p. 16
https://ssrn.com/abstract=3227933 · source PDF

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

• the DAO, 2016

failuresupport: evidencedfailure: DAO code exploitfamily: smart-contract-bug-and-exploitdaogovernance-designblockchain

• restates kaal:claim:2922176-035 Fundamental flaws in the DAO's code allowed hackers to move one third of contributed funds to a subsidiary acc...
• restated_by kaal:claim:3373393-030 Fundamental flaws in the DAO code enabled hackers to transfer one third of total funds to a subsidiary account...
• extends kaal:claim:2939127-030 Fundamental flaws in the DAO's code let hackers move one third of its total funds to a subsidiary account, and...
• extends kaal:claim:2998033-007 The DAO failed because of fundamental flaws in its own code, which allowed hackers to move one third of its fu...
• restates kaal:claim:3071378-012 The DAO failed because its code had not yet been perfected: hackers took a third of the DAO tokens and transfe...

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