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ID:

makerdao-574

Date:

Status:

Incident Count:

August 28, 2019

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:

Trail of Bits
PeckShield
Runtime Verification

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Algo-Stables

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

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Days in Operation:

0

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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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