DAO Maker, a platform focused on redefining venture capital, has suffered a $7 million hacker attack. According to PeckShield analysts, hackers withdrew ~$7 million in the USD coin (USDC) stablecoin and converted the assets into ether (ETH).
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As of press time, there are more than 2,261 ETH at the address allegedly belonging to the hackers. According to the project's developers, a total of 5251 users were affected, losing $1250 USD on average per user. The hacker might have converted the stablecoins in order to avoid freezing them by the Center Consortium, the issuer of USDC.
The developers noted they have contacted Cipher Blade, a blockchain forensics company, to track down the criminal and return the stolen funds.
As iHodl earlier reported, Poly Network, a protocol of interoperability between multiple blockchains, suffered a massive $611 million hack, which made it the largest hack in a decentralized finance (DeFi) space. The protocol's team wrote on Twitter that the project was attacked not only on the Ethereum network, but also Binance Smart Chain and Polygon.
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