Fledgling decentralized finance protocol ForceDAO has had a rough start, with several incursions from hackers taking place just hours after it launched.
The Ethereum-based yield aggregator had only just launched its airdrop campaign on April 3 when four malicious “black-hat” hackers managed to drain a total of 183 ETH worth approximately $367,000 at the time. One friendly “white-hat” hacker alsassisted the team by alerting them to prevent further losses.
The team has released a post-mortem of the attacks and taken responsibility for what it termed as an “engineering oversight.”
To the Force and DeFi community, we’d like to share a post-mortem on the recent xFORCE exploit.
Thanks to everyone technical and non-technical who helped along the way.
Especially to the White Hat who helped deter FORCE getting drained.https://t.co/MK2GH69yLd
— Force (@force_dao) April 4, 2021
Following the incursion, the team made a decision to transfer 60 million FORCE tokens from the treasury multi-signature wallet into a deployer wallet to create and execute three votes that would effectively