ID:
makerdao-574
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Ethereum
Protocol
Algo-Stables
Contract Vulnerabilities
Extended Method:
Contract vulnerabilities
Days in Operation:
0
100 pts each
The HackerOne engineer who discovered the MCD vulnerability received a $50,000 bounty for the discovery. Chris Smith, senior software engineer at MakerDAO, reviewed the HackerOne report and concluded that leaving the “flip.kick” function publicly callable opens an attack vector that could allow significant collateral loss. If unpatched, the hack could have resulted in the complete removal of 40,673.89 in ether – currently the only source of collateral – locked in the system. This is currently worth more than $7 million.
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