The digital currency Ethereum crashed earlier today. The
Wall Street Journal has coverage of this story. Surely there are limits to completely
electronic money….
Founders of the fund, DAO, which was built
around a digital currency called Ethereum and which raised more than $150
million this spring, said Friday morning they have been forced to shut down the
fund and plan for its unwinding.
The attack spirited away roughly 3.6 million
Ethereum coins, valued at around $55 million, from DAO to another account.
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