Cybercurrency project comes under hacker attack

New York

A HACKER appears to have moved digital money worth more than US$50 million from an experimental virtual currency project that recently raised more than US$150 million - all of it in the form of Ether, an alternative cybercurrency to Bitcoin.

An organiser working with the project, known as the Decentralized Autonomous Organization (DAO), sent out several emergency alerts on Friday morning, explaining that people working with the project were trying to determine how to respond - and had decided that shuttering it would probably be the best move.