The DAO Hack

A pivotal event in 2016 where an attacker exploited a vulnerability in 'The DAO,' an early decentralized autonomous organization on Ethereum, draining millions of dollars worth of ETH. The community's response to reverse the hack through a hard fork was contentious and resulted in the split of the Ethereum blockchain into two distinct chains: Ethereum (ETH) and Ethereum Classic (ETC).

Categories: crypto history, social community