Security Incident · ETH Ecosystem

MakerDao Liquidation Mechanism Flaw: $7.90M Reported Loss

March 12, 2020·Historical incident record

Due to the congestion of Ethereum, the gas soared, and the liquidated ETH was sold at a price of 0 US dollars using the MakerDao auction loophole.

Reported loss: $ 7,900,000
Attack category: Liquidation Mechanism Flaw

Sources & References

SlowMist Hacked archivehacked.slowmist.io (opens in a new tab)Original incident referencecoingape.com (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.