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ID:

dao-maker-251

Date:

Status:

Incident Count:

September 4, 2021

Verified

2

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

Certik, Hacken, Symbolic Software

Loss Amount:

4,000,000

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Recovered:

-

Rewards:

Currency:

USD, DERC, CAPS, SHO, CPD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

IDO

Staking

Compromised Access Control

Extended Method:

Initialize unauthenticated

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Days in Operation:

1201

(3.29 Years)

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On 3rd of September 2021, around 10:00 PM UTC, DAO Maker, a decentralized finance platform on the Ethereum blockchain that enables startups to raise funds, was hacked for almost $4 million (although the true realized cost to DAO Maker is far greater).
A collection of altcoins were stolen; DeRace Token (DERC), Capsule Coin (CAPS) Showcase (SHO) and Coinspaid (CPD). Evidently, the hacker was preparing for the recent crypto market rout as the stolen tokens were swapped to the stablecoin Dai using DEX aggregators 1inch and Metamask. The attacker is still holding the Dai on the same Ethereum blockchain address the stolen tokens were initially sent to.

Updated 6/5/22: 300 ERTH was sent to Tornado.Cash by the exploiter via an intermediary address.

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