DAOETH it seems to recover soon
Updated
There was an attack on DAO last Friday. After reading
-- blog.slock.it/what-the-fork-really-means-6fe573ac31dd blog.slock.it/what-the-fork-really-means-6fe573ac31dd
-- news.bitcoin.com/vitalik-buterin-dao-hack-fixed/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare news.bitcoin.com/vitalik-buterin-dao-hack-fixed/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare
I liked especially: In the last 36 hours we have witnessed an attack on The DAO. An attacker utilized the “Recursive Call Exploit” in the `splitDAO()` function to withdraw 3.5M ETH while burning only a small amount of DAO tokens.
Luckily, the funds are not under his control. They are locked in a childDAO.
So it seems that there is a solution for the problem and "money" is frozen. I expect that DAO to recover soon.
-- blog.slock.it/what-the-fork-really-means-6fe573ac31dd blog.slock.it/what-the-fork-really-means-6fe573ac31dd
-- news.bitcoin.com/vitalik-buterin-dao-hack-fixed/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare news.bitcoin.com/vitalik-buterin-dao-hack-fixed/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare
I liked especially: In the last 36 hours we have witnessed an attack on The DAO. An attacker utilized the “Recursive Call Exploit” in the `splitDAO()` function to withdraw 3.5M ETH while burning only a small amount of DAO tokens.
Luckily, the funds are not under his control. They are locked in a childDAO.
So it seems that there is a solution for the problem and "money" is frozen. I expect that DAO to recover soon.
Trade active
Buy at the market. SL: 0.00498, TP above 0.00981Trade active
Please adjust the S/L according to your strategy. I am setting S/L 0.0075.Trade closed: stop reached
DAO recovered from the drop. Hard fork introduced. It seems to go further up from here. However, I am closing the trade.Disclaimer
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