Incident Overview
DAO Maker 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.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.