Digital Asset
Intelligence
Security Incident · ETH Ecosystem

MakerDao Liquidation Mechanism Flaw: $7.90M Reported Loss

·Historical incident record

Incident Overview

Due to the congestion of Ethereum, the gas soared, and the liquidated ETH was sold at a price of 0 US dollars using the MakerDao auction loophole.

Sources & References

Original incident referencehttps://coingape.com/was-makerdao-mkr-free-fall-because-of-a-system-exploit-that-saw-8-million-of-eth-stolen/ (opens in a new tab)

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.

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