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Hackers attack DAO Maker and steal $7 million worth of cryptocurrency

Juniper MaeBy Juniper MaeAugust 13, 2021No Comments1 Min Read
Hackers attack DAO Maker and steal  million worth of cryptocurrency

Posted:

12 before 2021 23:38 GMT

The stolen USDC money has been converted to Ethereum.

Crypto incubator DAO Maker has been targeted by hackers who stole 7 million dollars in cryptocurrency.

The hackers accessed a wallet on this platform and were able to withdraw funds in a series of token-denominated transactions. USDC, to me communication company.

The loot was later transferred to 2,261 ether, the currency of the decentralized system Ethereum, according to tweet By journalist Colin Wu and data D Etherscan.

"I'm not too interested in money": repeat

attack effect 5251 users, each incurred losses estimated at an average of $1,250.

Actor from DAO Maker Certain On his Telegram channel, the attack only affected a intellectual deposit contract, while DAO “tokens” and other assets were safe. The company claimed that it took extra security measures and hired a cyber security company To track down the criminals and recover the money, with a plan to mitigate the damage.

The news of the attack caused a 15% crash From the value of DAO Maker tokens up to $1.65.

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Juniper Mae

Juniper Mae is a contributor at amicohoops.net, covering a wide range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She is dedicated to delivering clear, accurate reporting and useful information that helps readers stay informed about current events and emerging trends. With a focus on relevance, balance, and accessibility, Juniper highlights stories that matter to everyday audiences, offering thoughtful coverage and insights on the issues shaping communities in the United States and beyond.

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