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The DAO was a digital decentralized autonomous organization [5] and a form of investor-directed venture capital fund. [6] After launching in April 2016 via a token sale, it became one of the largest crowdfunding campaigns in history, [6] but it ceased activity after much of its funds - in the form of US$ exchanged for "Ether-crypto coins" - were taken in a hack in June 2016.
The 1982 Harvard–Yale hack earned acclaim as winner of "Hack Madness", a March Madness-themed contest sponsored by the MIT Alumni Association in 2014 to determine "the greatest MIT hack of all time". [70] In 1990 an MIT banner was successfully launched from an end zone using a model rocket engine shortly before Yale attempted a field goal ...