Detail Analysis
Date:
Status:
Count:
Contributor:
April 4, 2021
Verified
1
zerofriction.io
Loss Amount:
350,000
Recovered Amount:
-
Currency:
Dollars, ETH
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Ethereum
Protocol
Contract Vulnerabilities
Extended Method:
Logic error, token issuance
Data Sources:
ForceDAO, a shiny new decentralized finance (DeFi) project, got attacked by five hackers this morning, reviving concerns around the highly experimental sector and the seemingly unending amounts of money flowing into hours-old projects. The DeFi quantitative hedge fund Force DAO posted a blog stating that it was responsible for the previous attack and has implemented procedures to ensure that any such incidents are mitigated in the future. A total of 183 ETH (about 367,000 U.S. dollars) worth of FORCE tokens were exhausted and liquidated in this attack. Force DAO said there will be snapshots and new tokens. Force DAO has begun an internal reorganization and will announce a plan in the next few days to make up for the affected FORCE holders and LPs. Five hackers were involved but one was a white hat hacker whom returned the taken funds.
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