The DAO

The DAO was supposed to be the future of organizations — a leaderless, code-governed venture fund on Ethereum. It raised $150 million in weeks. Then a single recursive call drained $60 million from it. Trustless reconstructs the hack, the 27-day countdown to the hard fork, and the philosophical war that split Ethereum in two. The DAO proved that “code is law” is an ideal, not a guarantee. And it forced the Ethereum community to choose between principle and pragmatism.