On the 17th of June Vitalik Buterin requested exchanges to stop trading ETH. Soon after a post was published on the Ethereum blog explaining the issue. Apparently the system had been hacked and the attacker was currently maliciously getting hold of ether worth around $60 million into a child DAO. It reads:
Meet the new superpower in the world of cryptos: The DAO – Decentralized Autonomous Organization. The DAO was launched just a few weeks ago and has already raised quite a significant amount – $150 million worth of ETH tokens. This is more than 15% of all the ETH tokens available. Sounds impressive. Let’s try and explain what the DAO is exactly.