Post
Topic
Board Altcoin Discussion
Re: DAO will be shutting down, confirmed
by
alyssa85
on 18/06/2016, 08:44:02 UTC
Stephan Tual, one of the creators of the DAO, stated on the DAO slack channel:

“The DAO will be winded down completely and transformed into a simple contract where you can only withdraw. It’s shutting down but as no ether was stolen and no ether was spent, nothing was lost.”

Nothing lost at all , besides the credibility of the developers , and of the project in general , and also the large drop off in value....

... and the future value due to loss of credibility , but other than those things , nothing at all lost.

And the huge liquidity pump which maybe enabled some insiders to cash out.

And possibly someone with prior knowledge of the coming fiasco made a lot of money shorting, so if so then isn't true that no ETH was "stolen".


I don't know about prior knowledge, but from the ether subreddit, some people could clearly see that the DAO was being drained, they posted about it to alert everyone, and then probably shorted to hedge themselves if they had Ether in the DAO, which is common sense really.