The number of Defi protocols being attacked continues to grow as another protocol falls prey to the attack. Dao Maker, a crowdfunding platform was hacked and hackers stole USDC from users’ deposit accounts and swapped it to ETH. A total of 2,261 Eth, worth more than $7 million, were used to transfer USDC, according to a report from WuBlockchain.
Breaking: The crowdfunding platform DAO Maker was attacked, and the USDC that users topped up was transferred out and replaced with about 2,261 Eth, worth more than 7 million U.S. dollars.
— Wu Blockchain (@WuBlockchain) August 12, 2021
The reason for transferring ETH to USDC is said to be related to an asset freeze as USDC can be frozen by Circle from a specific account. Recently, Tether froze nearly $35 million worth of USDT from the PolyNetwork hack, the largest defi hack.
Most of the 9k 10k USD accounts loaded into DAO have been hacked. Along with that, the price of DAO token has plummeted without stopping.
Hacker wallet you can track:
What is DAO Maker?
DAO Maker is a fundraising support platform for crypto projects. DAO Maker offers a low-risk way to participate, as most small investors can’t risk most of their capital.
In addition, DAO Maker also provides design services for fundraising solutions, community development to support projects, consulting on branding strategies.