Detail Analysis
Date:
Status:
Count:
Contributor:
August 12, 2021
Verified
2
zerofriction.io
Loss Amount:
7,000,000
Recovered Amount:
-
Currency:
Dollars
KYC By:
Audit By:
None
Certik, Hacken, Symbolic Software
Website:
Twitter:
Discord:
Telegram:
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Ethereum
IDO
Staking
Poor Key Management
Extended Method:
Private key leak, hot wallet
Data Sources:
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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