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Detail Analysis

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Date:

Status:

Count:

Contributor:

August 12, 2021

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Verified

2

zerofriction.io

Loss Amount:

7,000,000

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

Certik, Hacken, Symbolic Software

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Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

IDO

Staking

Poor Key Management

Extended Method:

Private key leak, hot wallet

Data Sources:

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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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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.