UPDATE (14th April 21:50 BST): This article has been updated to reflect that the ETC refund effort has been extended to January 2018.
Some background: last summer, a project called The DAO raised more than a hundred million dollars worth of ether – the cryptocurrency underlying the ethereum network – as part of a bid to create a smart contract-based funding vehicle for ethereum-related projects.
Ultimately, the drive to unwind the effects of the DAO collapse resulted in two distinct ethereum-derived blockchains: ethereum and ethereum classic. In the end, contracts were set up allowing users to exchange their DAO tokens for both ether and classic ether.
Yet a plan to transfer the remaining funds to the group that originally secured them has drawn its share of critics.
Some have taken to social media to argue that the money represents stolen property that should be returned to their respective owners, or should at least be left untouched within a defunct smart contract.
Notably, the other major DAO-related withdrawal contract, for the exchange of DAO tokens for ETH, contains more than 450k unclaimed ethers, worth roughly $21m at current prices.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.