A Legal Analysis of The DAO Exploit And Possible Investor Rights

News broke early Friday morning that the DAO had been exploited using a code error (first described by Peter Vessenes) in the DAO software that caused the exploiter of the DAO (“Exploiter”) to be paid extra amounts of Ether (“ETH”) held by the DAO when executing a split proposal which created a new child DAO containing the extra ETH taken from the DAO and placed that child DAO within the Exploiter’s control.