More controversy surrounds the infamous Ethereum-based Decentralized Autonomous Organization (DAO) project which raised US$150 million last year. It seems victims of last summer’s DAO hack have until April 15 to withdraw DAO-to-Ethereum Classic (ETC) refunds, and there is still $4.4 million worth of tokens left at the address in question. The issue some have contention with, is that the remaining funds held in the contract will be donated to the White Hat Group (WHG).
The White Hat Group Could Receive $4.4 Million Next Week
In June of 2016, a vast majority of cryptocurrency enthusiasts watched the highest funded online crowdfund in history, the DAO Hub, fall victim to a serious exploit. An individual or team of hackers managed to drain the decentralized organization of 3.53 million ether, causing one of the most controversial forks in the cryptocurrency space and the birth of ETC. After the DAO debacle, a ‘White Hat’ draining of the stolen DAO funds took place on June 21. Members of the WHG at the time were heralded as heroes, and the Ethereum network prepared for a hard fork....
Source: news.bitcoin.com
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