The token sale was set to last 28 days, during which the tokens were “locked up,” and after which the DAO would begin to operate. By three weeks into the token sale, The DAO had raised more than $150 million from more than 11,000 investors, making it one of the largest crowdfunding campaigns in history at the time. However, even before the token sale had concluded, several onlookers expressed concerns about vulnerabilities in The DAO’s code. More specifically, computer scientists were concern...

The token sale was set to last 28 days, during which the tokens were “locked up,” and after which the DAO would begin to operate. By three weeks into the token sale, The DAO had raised more than $150 million from more than 11,000 investors, making it one of the largest crowdfunding campaigns in history at the time. However, even before the token sale had concluded, several onlookers expressed concerns about vulnerabilities in The DAO’s code. More specifically, computer scientists were concern...