MakerDAO Delegate Loses $11M in Tokens to Phishing Scam

A MakerDAO governance delegate has fallen prey to a sophisticated phishing attack, resulting in the theft of $11 million worth of Aave Ethereum Maker (aEthMKR) and Pendle USDe tokens. The incident was flagged by Scam Sniffer in the early hours of June 23, 2024. The delegate's compromise involved signing multiple fraudulent signatures, which ultimately led to the unauthorized transfer of digital assets.



Key Exploitation of MakerDAO Delegate



The compromised assets were swiftly transferred from the delegate’s address, “0xfb94d3404c1d3d9d6f08f79e58041d5ea95accfa,” to the scammer’s address, “0x739772254924a57428272f429bd55f30eb36bb96,” with the transaction confirmed in merely 11 seconds. This governance delegate played a crucial role in MakerDAO, a decentralized finance (DeFi) platform responsible for significant decision-making proces


First found on: cryptonews today