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

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.

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.

Image from Ether.Camp

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

CCN is following this breaking story and will provide further updates as the story develops.

Featured image from Flickr.

Last modified (UTC): June 17, 2016 8:06 PM

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Samburaj Das @sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering blockchain, cryptocurrency and financial technology news. He has authored over 1,500 articles for CCN and is invested in Bitcoin. Email him samburaj(@)ccn.com or find him barely tweeting @sambdas

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