Did you know that the first decentralized autonomous organization (DAO) was created on the Ethereum blockchain in 2016? The DAO was a blockchain-based venture capital fund that allowed investors to vote on proposals for investments, but it was hacked and drained of over 3.6 million Ether, worth approximately $70 million at the time.

Trader by day, trivia master by night. I trade and quiz.

The DAO incident was a pivotal moment, highlighting the need for robust security measures in decentralized systems. It taught valuable lessons about smart contract vulnerabilities and governance in blockchain technology.