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Just a day after MakerDAO rebranded to Sky, the community has been debating the implications of the new freeze function. MakerDAO co-founder Rune Christensen steps in to provide clarity.
Maker Protocol, the DeFi lending platform, has officially rebranded itself as Sky and introduced a new suite of upgrades.
DAI holders will be able to upgrade to USDS 1:1, while MKR holders can convert to SKY at a 1:24,000 ratio.
Maker DAO reveals details of its major rebrand.
The attack highlights significant security risks in the DeFi space and underscores the need for heightened vigilance among Web3 users. The phishing incident unfolded when the attacker tricked the user into reassigning ownership of their DeFi Saver Proxy contract.
Decentralized blockchain protocol MakerDAO has announced an upgrade for DAI and MKR tokens. The platform released two new assets, NewStable and NewGovToken which will exist alongside DAI and MKR.
TL;DR MakerDAO launches the NewStable and NewGovToken, while maintaining the availability of the current DAI and MKR tokens. NewStable will replace DAI for new transactions at a 1:1 conversion rate, while DAI will continue to be used for specific applications.
New MakerDAO tokens have been introduced, while DAI and MKR will remain available.
A recent phishing attack targeting a prominent crypto whale has resulted in the theft of approximately $55 million worth of Dai tokens, drawing attention to the growing sophistication and frequency of cyberattacks within the Web3 ecosystem.
A Maker Vault was exploited via a compromised EOA, allowing the attacker to take control and target the Dai stablecoin.
A whale address lost 55.47 million DAI stablecoins. CertiK Alert observed the attacker had accessed externally owned accounts (EOA) using Inferno Drainer.
A crypto whale lost more than $55 million in DAI on Tuesday after signing an unverified transaction. This latest cautionary tale has reminded crypto holders of the dangers in the digital assets industry.
This incident represents a broader trend of rising numbers of attacks in the DeFi ecosystem.
Blockchain security platform Scam Sniffer reported that a crypto trader lost $55.47 million in DAI stablecoin to a phishing attack. According to the firm, the trader lost their assets after mistakenly transferring ownership of their collateralized debt position (CDP) on DeFi Saver Proxy to a malicious wallet.
In a dramatic illustration of the ever-present risks in the cryptocurrency world, a whale recently lost a staggering $55.47 million in DAI stablecoin due to a phishing attack unearthed by Lookonchain in a post on X. The attack has sparked renewed discussions on the importance of security measures and vigilance in the crypto space.
A whale address lost a substantial amount of DAI tokens to a phishing attack after carelessly signing a fraudulent transaction. On-chain data confirms that the losses amounted to a whopping $55.47 million in Dai (DAI).
A crypto whale lost about $55.4 million worth of Dai stablecoin to a phishing attack carried out with the Inferno tool.
Amid the ongoing crypto market volatility and midterm uncertainty, a Web3 user has fallen victim to a phishing attack, resulting in more than $55 million loss. According to an on-chain data analysis conducted by Certik Alert, the attacker, alias Fake_Phishing187019, minted 55,473,618 Dai tokens and immediately began laundering them through different channels.
MakerDAO is evaluating whether to halt the minting of its DAI stablecoin using Wrapped Bitcoin (WBTC) as collateral.
Exponential, an investment platform for crypto holders, has downgraded MakerDAO's DAI pool risk rating from Low to Average, according to the latest information shared with Finbold on August 9.
The hacker appears to be trying to cover their tracks while also preparing to launder the stolen funds.
A victim of a $24 million phishing attack has received a portion of his stolen funds back after the attacker willingly sent it back to him. According to web3 anti-scam solution Scam Sniffer, the attacker sent back $9.
In a strange turn of events, a phishing scammer has returned a large portion of funds it stole from a victim last September.
Uphold will stop supporting USDT, DAI, FRAX, and other stablecoins ahead of MiCA's implementation in the EEA. The post Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA appeared first on Crypto Briefing.
