The Possible Regulatory Gap in Future ICO Class Action Litigation
Nov 18, 2020
Reno Varghese
The Wild West days of cryptocurrencies ended abruptly on June 18, 2016. After an otherwise successful crowdfunding for DAO, which raised over $150 million from 11,000 investors, an unknown attacker managed to drain over 3.6 million ether, valued at about $50 million, from DAO, dropping the worldwide price of ether 35% in a single day.