{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/dao-hack",
 "identifier": "kaal:entity:dao-hack",
 "name": "Dao hack",
 "termCode": "dao-hack",
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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 "sha256": "b6f365c5e6c893f67ecf20b05714abca611c1ab07633ff4a2f9b0537a8ea97af",
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   "name": "status",
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   "value": [
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 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3227933-035",
   "identifier": "kaal:claim:3227933-035",
   "text": "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.",
   "abstract": "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",
   "citation": "Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933",
   "datePublished": "2018",
   "claim_type": "failure",
   "confidence": "evidenced",
   "is_failure_mode": true,
   "scope_conditions": [
    "the DAO, 2016"
   ],
   "source_pdf_sha256": "a9e9660c4dc25a2202f1da4e762f5885256e05f68c53ca51942f5833a7a4c108",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3441904-014",
   "identifier": "kaal:claim:3441904-014",
   "text": "The core governance failure of the original 2016 DAO was its inability to create dynamic governance protocol upgrades in real time through dynamic feedback loops, because its voting structure was built for investment proposals rather than governance design.",
   "abstract": "The core governance failure illustrated by the 2016 DAO is its failure to create dynamic governance protocol upgrades in real-time through dynamic feedback loops.",
   "citation": "Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904",
   "datePublished": "2019",
   "claim_type": "failure",
   "confidence": "evidenced",
   "is_failure_mode": true,
   "scope_conditions": [
    "the original 2016 DAO",
    "flaws materializing in already deployed code"
   ],
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   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'dao-hack'. Derived node: a roster, not an adjudicated definition."
}