[The DAO](thedao) has made a lot of waves recently. First - last month when it became [the largest crowdfunding project in history](news/the-dao-could-become-the-largest-crowdfunded-project-in-history-this-week/), at one point surpassing Star Citizen's 116M USD (although it might be partially due to ETH exchange rate fluctuations). Second time - earlier this week when the DAO was hacked. So lets start from the beginning and have a look at the rise and fall of The DAO.