Detail Analysis
Date:
Status:
Count:
Contributor:
September 4, 2021
Verified
2
zerofriction.io
Loss Amount:
4,000,000
Recovered Amount:
-
Currency:
Dollars, DERC, CAPS, SHO, CPD
KYC By:
Audit By:
None
None
Website:
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Ethereum
IDO
Staking
Compromised Access Control
Extended Method:
Initialize unauthenticated
Data Sources:
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.
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