New Interest in DAOs Prompts Old Question: Are They Legal? – CoinDesk
“Ethereum is only now starting to shrug off its ‘PTSDAO,'” tweeted Ameen Soleimani, the SpankChain CEO and creator of a now-$1.2 million decentralized autonomous organization (DAO) called the MolochDAO. After an infamous hack drained ” The DAO ” of roughly $60 million in 2016, developers have been hesitant to kickstart new projects in its likeness.