Dev says MakerDAO attackers could turn $20M in Ethereum into $340M almost instantly


A software developer claims to have found a way in which to make an “incredibly profitable” but “expensive” attack to steal all the Ethereum available in MakerDAO. Micah Zoltu described the potential attack in a blog post published on Monday, noting a successful attack could see the hacker “ride off into the sunset with $340 million worth of Ethereum.” “The problem is, Maker Foundation has decided that the appropriate value for this governance delay is 0 seconds. That is right, defenders have 0 seconds to defend against an attack launched by a wealthy but malicious party,” he adds in the post. The issue,…

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