Breaking: “Pause Ether, DAO Trading”, Ethereum Founder Buterin Tells Exchanges

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

Ethereum co-founder Vitalik Buterin has asked digital currency exchanges to “pause” ether and DAO activity following a hack of the DAO smart contract address.

The DAO is currently being drained of ethers in a still-ongoing breach (at the time of publishing) to the unknown attacker’s ETH address.

The ongoing hack and possible theft, deemed as an “attack” on the DAO by Vitalik Buterin, has the co-founder of Ethereum issue a plea seeking digital currency exchanges to pause ether (ETH) and DAO transactions.

In a post on the Ethereum subreddit, Buterin wrote:

<DAO ATTACK> Exchanges please pause ETH and DAO trading, deposits and withdrawals until further notice. More info will be forthcoming ASAP.

The same message was also relayed via Ethereum’s social media account on Twitter.

Twitter

By loading the tweet, you agree to Twitter’s privacy policy.
Learn more

Load tweet

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

The attacker’s ETH address is still accumulating Ethereum’s token currency, with a balance of 3,559,374 ethers, currently valued at $59.05 million USD.

Eth attacker address
Image from Ether.Camp

The value of Ether has plummeted following the breach, losing over 20% of its value.

Featured image from Flickr.

Jonas Borchgrevink edited this article for CCN - Capital & Celeb News. If you see a breach of our Code of Ethics or find a factual, spelling, or grammar error, please contact us.

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
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
PHNjcmlwdCBhc3luYyBzcmM9Imh0dHBzOi8vcGFnZWFkMi5nb29nbGVzeW5kaWNhdGlvbi5jb20vcGFnZWFkL2pzL2Fkc2J5Z29vZ2xlLmpzIj48L3NjcmlwdD4KPCEtLSBSZWNvbW1lbmRlZCBwb3N0cyBBZCBDQ04gLS0+CjxpbnMgY2xhc3M9ImFkc2J5Z29vZ2xlIgogICAgIHN0eWxlPSJkaXNwbGF5OmJsb2NrIgogICAgIGRhdGEtYWQtY2xpZW50PSJjYS1wdWItNjQ3MjA2OTY5MzY1NzE0MyIKICAgICBkYXRhLWFkLXNsb3Q9IjI3MzY1ODYyMzUiCiAgICAgZGF0YS1hZC1mb3JtYXQ9ImF1dG8iCiAgICAgZGF0YS1mdWxsLXdpZHRoLXJlc3BvbnNpdmU9InRydWUiPjwvaW5zPgo8c2NyaXB0PgogICAgIChhZHNieWdvb2dsZSA9IHdpbmRvdy5hZHNieWdvb2dsZSB8fCBbXSkucHVzaCh7fSk7Cjwvc2NyaXB0Pg==