2019-10-3 16:12 |
MakerDAO, the decentralized organization that runs on Ethereum, has disclosed an enormously dangerous security flaw that could’ve allowed an attacker to steal collateral powering its Dai stablecoin with a single transaction.
The bug, if exploited, would’ve resulted in a complete loss of funds for all Dai users making use of its upcoming Multi-Collateral Dai system, and was likely to have brought the entire MakerDAO ecosystem to its knees. “The cost of performing the attack is almost zero — just the minimal denomination of each type of gem stolen plus gas,” wrote the researcher who discovered the flaw. MakerDAO’s smart contract had almost zero access control A…
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