Cryptocurrency and Smart-Contracts security fail: the Ethereum $59 Million hack

Ethers is a cryptocurrency designed to power smart-contracts, autonomous programs that define how an amount of money will behave. A simple race condition in a very large smart-contract code allowed an attacker to steal $59 million of value from the DAO account: Bitcoin’s Largest Competitor Hacked: Over $59 Million “Ethers” Stolen In Ongoing Attack. Details here More Ethereum Attacks: Race-To-Empty is the Real Deal and on Reddit.

 

I think TheDAO is getting drained right now
byu/ledgerwatch inethereum