Black Thursday revisited: MakerDAO keeper exploited for $500K
A legacy MakerDAO auction-keeper contract has been exploited for over $500,000, with the exploit reaching back to Black Thursday in 2020. Specifically, a CertiK Analysis details how an attacker was able to remove 200 ETH from a contract described as a “legacy auction-keeper.” This auction-keeper contract was one of the first on Black Thursday in March 2020 to win ETH from MakerDAO for “zero bids” during the liquidation crisis, and four 50-ETH lots were never settled — something the hacker was able to take advantage of. Stablecoin Development Corp price pumps for no reason Read more: Tether has publicly listed a company that partially controls USDS According to CertiK’s Analysis “the root cause was a missing access control on function 0x8804d1de in keeper implementation 0x68399ed8aa33C5b43F863EE6782de492006A5546.” Using this exploit, the attacker was able to gain access to four lots of 50 ETH that remaine...