Ethereum drops 33% as DAO debacle continues

Ethereum has lost more than a third of it’s value after it was reported earlier today that the DAO has suffered a $50 Million hack attack.

Ethereum exhange Kraken has suspended payouts of Ethereum after an appeal of the Ethereum foundation, a Swiss organisation controlled by Ethereum founders.

Possible action by the group controlling Ethereum has sparked a heated debate, as reported by Coindesk.

Key stakeholders behind the alternative blockchain platform ethereum are debating changes to the platform’s code after millions of dollars in ether were diverted from a major project by an alleged attacker.

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We have to ask the question: “Is the bell tolling for Ethereum?”



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