DAO Maker crowdfunding platform loses $7M in latest DeFi exploit

DAO Maker crowdfunding platform loses $7M in latest DeFi exploit

CipherBlade is conducting an investigation into the hack and has identified a Binance account associated with the attacker. Hackers have stolen funds out of more than 5,000 user accounts with crowdfunding platform DAO Maker, a site aimed at raising money for crypto projects.According to a report from DAO Maker CEO Christoph Zaknun, hackers were able to remove roughly $7 million in USD Coin (USDC) from 5,251 user accounts at approximately 1:00 am UTC today. The platform said the attacker used a smart contract exploit to initially steal 10,000 USDC, then made 15 more transactions to acquire....


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