[DrammBA]

Can you (or anyone) give me a few more keywords to find more info about that claw-back of funds? I'm new to the crypto space and my google-fu is lacking today, can't find anything about Ethereum defective contract and subsequent claw-back of funds.

[nrmitchi]

IIRC, back in the day, there was the original DAO. They released this very large contract, citing "the code is the law".

The code had a bug, and someone drained the $50M or so contract.

Since everyone lost a bunch of money, the majority agreed to fork Ethereum and roll back the hack, leading to "Ethereum" (with the roll back), and "Ethereum Classic" (without the rollback).

[hackingforfun]

It was The DAO hack [1].

[1] https://www.gemini.com/cryptopedia/the-dao-hack-makerdao

[beachwood23]

A good overview can be found on the Wikipedia page for Ethereum Classic. ETHC is made up of the users and miners who didn't want to "claw-back" those funds.

https://en.wikipedia.org/wiki/Ethereum_Classic

[eightysixfour]

Here's the wiki article: https://en.wikipedia.org/wiki/The_DAO_(organization)

[nstj]

https://www.gemini.com/cryptopedia/the-dao-hack-makerdao