View full page at cryptocraft.com

 

Crypto Crowdfunding Platform DAO Maker Hacked for $7 Million

From decrypt.co

DAO Maker, a cryptocurrency crowdfunding platform that offers public token sales for upstart projects, has been hacked and drained of about $7 million worth of funds overnight, the company announced today. According to the firm, the attack—which was first reported by Wu Blockchain—saw a hacker tap into an exploit regarding one of the company’s crypto wallets with administrator privileges. After successfully using the exploit to first steal 10,000 USDC dollar-pegged stablecoins, the attacker proceeded to complete 15 more transactions. Ultimately, DAO Maker says that 5,251 users had their funds stolen from the platform ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis