$50mn+ heist highlights blockchain issues

Underwriters have warned the rise in blockchain-based companies
poses significant coverage challenges, as shown by the heist of
$53mn of "ether" cryptocurrency from an investment fund
in June.
An attacker made off with the haul by exploiting code
vulnerabilities in the company's Decentralised Autonomous
Organisation (DAO) blockchain structure.
However, underwriters told this publication they were concerned
the automated, open source nature of such structures posed
insurance difficulties regardin