Deadline for Ethereum Classic DAO Withdrawals Extended

The White Hackers Group has extended the deadline for withdrawing DAO tokens on the ETC chain from the 15th of April 2017 to 10th of January 2018.

The extension was made on the 10th of April this year as, despite loud warning of the looming deadline, some 1.5 million ETC, worth around $4 million, remained in the contract at the time of the deadline.

All users who had DAO tokens are able to withdraw around 70% of their value on the ETC chain, with one DAO worth 1 ETC, currently trading at above $2.5. Millions have already been withdrawn, but some continue to stay on the smart-contract.

The reasons are not very clear. It may be that the sums are small, such as perhaps 5 or 10 ETC per user, with their owners unbothered or too lazy to go through the withdrawal process. It may also be due to a lack of awareness.

While most are probably aware that ethereum forked to take the eth from the hacker and give it back to their rightful

Read more ... source: CryptoCoinsNews

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