⚔️ The DAO Hack: Ethereum’s First Crisis
In June 2016, Ethereum faced its first existential threat when a decentralized investment fund called The DAO was hacked. The attacker exploited a smart contract bug to drain 3.6 million ETH, worth about $60 million at the time.
💥 The DAO was one of Ethereum’s earliest and largest experiments in decentralized governance. It had raised over 14% of all ETH in existence — and the hack shook the entire community.
🧠 The Ethereum developers proposed a controversial solution: a hard fork to reverse the attack and return the stolen funds. This led to a split in the community.
⛓️ The result? Two separate blockchains were born:
• Ethereum (ETH) – with the reversal
• Ethereum Classic (ETC) – keeping the original chain
📚 This event remains one of the most debated in crypto history and highlighted the tension between code immutability and community consensus.
🏷️ #TheDAOHack
