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ID:

dao-maker-270

Date:

Status:

Incident Count:

August 12, 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:

7,000,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

IDO

Staking

Key Management

Extended Method:

Private key leak, hot wallet

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Days in Operation:

1201

(3.29 Years)

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DAO Maker, an encryption incubator, issued an announcement stating that at around 1:00 UTC on August 12th, hackers maliciously used a DAO Maker wallet and obtained administrator rights. After initially testing this vulnerability and successfully stealing 10,000 USDC, the cybercriminal made another 15 transactions quietly. In this way, hackers embezzled approximately $7 million before the security team was able to track, control, and prevent the outflow of funds. A total of 5,251 users were affected, and each user lost an average of $1250. Fortunately, users who hold up to $900 in funds are not affected at all.

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