Blockchain VC Fund Hacked for $60 Million

News emerged Friday that The DAO, a venture capital fund operating through a decentralized blockchain inspired by Bitcoin, had been robbed of more than $60 million worth of Ether digital currency, or about 1/3 of its value, through a code exploit. The DAO, which raised more than $150 million in May, had been intended as a showcase for the potential of Ethereum, a blockchain platform for cloud-based financial agreements.