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DAO Maker Vesting

Aug 12, 2021

$7.0M
Lost
$7.0M
Recovered
$0
Net loss
$7.0M
Unrecovered0% recovered

DAO Maker's vesting system was exploited when the init() function lacked access control, allowing an attacker to reset parameters on 4 token contracts (DERC, CPD, CAPS, SHO) and drain tokens via emergencyExit. Stolen tokens were swapped on DEXes, causing significant price impact.

Target
DeFi
Classification
Access Control
Technique
Improper Access Control
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Aug 12, 2021
    Exploit executed — $7.0M drained via improper access control
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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