Skip to main content
Learn

What Was “The DAO Hack” and What Were Its Consequences for Ethereum?

"The DAO Hack" was a $50 million theft from a major DAO due to a code exploit, which led to a controversial hard fork splitting Ethereum into ETH and ETC.
Greeks.Live05.11.25

What Was “The DAO Hack” and What Were Its Consequences for Ethereum?

"The DAO" was an early, large-scale decentralized venture capital fund launched on Ethereum in 2016. A hacker exploited a "reentrancy" vulnerability in its smart contract code, draining over 3.6 million ETH, worth about $50 million at the time.

The incident was a major crisis for the young Ethereum network. To reverse the theft, the Ethereum community controversially decided to execute a "hard fork" of the blockchain, creating a new version of the ledger.

This led to a permanent split, resulting in two separate blockchains: Ethereum (ETH) and the original, unaltered chain, Ethereum Classic (ETC).

What Is the Difference between a Hard Fork and a Soft Fork in Cryptocurrency?
What Is the Difference between a Soft Fork and a Hard Fork?
How Does a Hard Fork Differ from a Soft Fork in Terms of Network Consensus?
What Is the Primary Difference between a Hard Fork and a Soft Fork in Blockchain Governance?

About

Contact

Editorial Policy

Terms of Service

Privacy Policy

Cookie Policy

© 2025 Greeks.Live

All Rights Reserved

Greeks.Live RFQ

Build by Noo on Engine

Source: The content on this website is produced by Greeks.live's proprietary analysis systems, which utilize advanced Large Language Models (LLMs). This information might not be subject to a full human review before publication and may contain errors.
Responsibility: You should not make any financial decisions based solely on the content presented here. We strongly urge you to conduct your own rigorous due diligence and to consult a qualified, independent financial advisor.
Purpose: All information is intended for informational purposes only. It should not be construed as financial, investment, trading, or any other form of professional advice. News and data are not trading signals.
Risk: The cryptocurrency, derivatives, and options markets are highly volatile and carry significant risk. By using this site, you acknowledge these risks and agree that Greeks.live and its affiliates are not responsible for any financial losses you may incur.