Hackers have taken control of virtual cash worth $60m (£41m) by exploiting a bug in a system designed to help start-ups. The attack targeted an investment fund called the DAO which is based on technology derived from the Bitcoin crypto-currency. DAO members are now debating how to recover the diverted funds. One suggestion involves rolling back the entire computerised system to a time when the hack had not happened. The DAO, or Decentralised Autonomous Organisation, acts as an investment fund that people buy into by swapping real cash for a virtual currency known as Ether.
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ORIGINAL SOURCE: BBC