So you have read that a DAO hacker has stolen 50 million plus American dollars worth of Ether from the DAO network with a “child dao” function. Lets get some facts straight:
- The hacker executed the child DAO function but has NOT been able to steal the Ether coins because 27+ days must elapse as per DAO protocol.
- DAO and Ethereum developers are working on a soft fork and then possible hard fork to prevent the theft within the 27+ day period.
- Your DAO token investment will be returned to you in Ether when the fork solution in completed as per your choice or likely keep the DAO tokens you hold.
- The DAO will still exist and survive after the DAO hack is rectified.
If anything, this situation presents a very good investment opportunity for crypto investors as prices have dropped 55+ percent.