[rabz]

The code at that location in the Ethereum blockchain implements a Decentralized Autonomous Organization that takes Ether from participants in exchange for tokens granting them the right to vote on proposals for this specific DAO to fund and the right to receive any benefits from the execution of funded proposals.

This is the primer to the how it is supposed to work: https://blog.slock.it/a-primer-to-the-decentralized-autonomo...

Here is how it was attacked: http://vessenes.com/deconstructing-thedao-attack-a-brief-cod...