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Detail Analysis

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Date:

Status:

Count:

Contributor:

August 28, 2019

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Verified

2

zerofriction.io

Loss Amount:

-

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

Trail of Bits
PeckShield
Runtime Verification

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Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

Protocol

Algo-Stables

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

Data Sources:

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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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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.