ChainBleedv0.1 · open intel
← back to feed·LOGIC2021-09-04 · 4y ago
Incident · SLOWMIST

DAO Maker

Contract Vulnerability
Estimated loss
$4.00M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
LOGIC
LOGICBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2021-09/DaoMaker_exp.sol
view forked test on github ↗

Reproducible Foundry test fork from SunWeb3Sec/DeFiHackLabs. Clone the repo, run forge test against the file path above, and replay the exploit against a mainnet fork at the historical block. Use for reproduction only — not for live targets.

Forensic narrative

The Vesting contract of DAO Maker was attacked by hackers. DeRace Token (DERC), Coinspaid (CPD), Capsule Coin (CAPS), Showcase Token (SHO) all use Dao Maker's distribution system, and the DAO Maker contract is attacked when the holder is issued (SHO) in DAO Maker , That is, there is a loophole in the distribution system of SHO participants: init is not initialized protection, the attacker initializes the key parameters of init, and changes the owner at the same time, and then steals the target token through emergencyExit and exchanges it into DAI, attacking The final profit of nearly 4 million U.S. dollars. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 4,000,000.

Primary source
https://www.coinfirm.com/blog/dao-maker-hack/
Sourced from
slowmist
Technical record
chain
protocol
DAO Maker
bug_class
logic
date_occurred
2021-09-04
loss_usd
$4,000,000
source_id
sm:dao-maker::2021-09-04
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