According to The Next Web, 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 bug was originally submitted for review on August 29th. Seven days ago, MakerDAO devs announced they had patched the code, and awarded the researcher $50,000 for their efforts.
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