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ID:

layer2dao-1231

Date:

Status:

Incident Count:

October 22, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

87,200

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Recovered:

-

Rewards:

Ticker:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Optimism

Dapp

Staking

Key Management

Extended Method:

Private key compromise

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Days in Operation:

124

(0.34 Years)

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Layer2DAO reported that their multisig wallet on Optimism was compromised and the hacker was able to drain 49,950,000 L2DAO tokens. The hacker was able to dump some of the stolen tokens (~40 ETH, $54,000) but Layer2DAO was able to negotiate and repurchase the remaining 31,239,677 tokens at a cost of $33,200.

Layer2DAO is expanding the Ethereum L2 ecosystem and investing in L2 ecosystem projects. The DAO uses its treasury to invest into high-impact L2 protocols and ecosystem plays, serving as a diversified venture fund for investors looking to gain exposure to the L2 ecosystem growth. It also provides liquidity, depositing, and staking, perpetually reinvesting proceeds back into the DAO.

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