Half of All DAO Funds Withdrawn After Ethereum Hard Fork

The DAO 43% nearly half of all funds have been withdrawn by former project investors. The activity comes hours after developers on the ethereum network executed a hard fork of its blockchain. A network change meant to specifically reverse the failure of The DAO project and move funds tied to its compromised smart contracts into a new account. Data from the ethereum blockchain shows users began removing funds in ether shortly after the fork. Research analysis revealed the top 500 DAO addresses held more than 70% of all DAO tokens, while the top 50 held over 40% of the funds.