Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    BlackRock Bitcoin ETF Achieves Major Success in Profitability

    Bitcoin Miner MARA Expands Treasury to 50,000 BTC

    Marathon Digital Reaches 50,000 BTC in Treasury Holdings

    Marathon Digital Expands Bitcoin Holdings to 50,000 BTC

    Senator Lummis Proposes Crypto Tax Exemption Under $300

    Tether and Adecoagro Partner for Bitcoin Mining in Brazil

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    xStocks Trading Volume Surges 540% in Three Days

    Meerkat (MERK) Gains Traction Through Community and Utility

    Meerkat Meme Coin Grows With Telegram Utility

    Ripple Seeks Federal License as XRP Value Climbs

    Solana Staking ETF Launches, Reaches $33M on First Day

    SharpLink Gaming Makes $30.7M Ethereum Investment

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

MakerDAO Reveals Critical Security Issue in Governance Contract

Anca F. by Anca F.
May 7, 2019
in Latest News
MakerDAO contract

MakerDAO, the Decentralized Autonomous Organization (DAO) which created the DAI stablecoin, has revealed that a critical security update was made in its governance contract.

DAO made the announcement in a Reddit thread, stating that in the second round of security audits in which DAO participated alongside with crypto exchange Coinbase and smart contract security startup Zeppelin, a critical vulnerability was found in the governance smart contract. A critical vulnerability notice was also issued by Zeppelin independently.

The Reddit post read:

“In partnership with Coinbase and Zeppelin, the Maker Foundation has been participating in a second round of audits of the Maker Voting Contract. During this process, we discovered the need to make a critical update.”

To post also stated that holders are not in danger of losing their MKR tokens which are staked in the MakerDAO Governance Voting Contract, but they were advised to move them out of the old contract and back to personal wallets. Those that do not own of one of the ~190 addresses that have staked MKR in the current voting contract were not advised to take any action.

“If you have not participated in the voting portal with your MKR, no action is required.”

A link to a website specially created to help users with staked tokens was also made available in order to provide instructions on how to transfer the tokens out of the old voting smart contract. The website also features chat assistance for those that are still confused regarding the procedure. The announcement also stated that:

“This does NOT impact the security or stability of the MKR token, it is only relevant to those who are using the old voting contract.”

DAO ends its post by promising that it will soon release “a full debrief and detailed outline of the changes” that will be updated in the smart contract.

According to last week reports, MakerDAO has allegedly stabilized its DAI stablecoin by increasing the fee after it was facing issues in trying to keep its value on par with that of the U.S. dollar.

Tags: DAI stablecoinDAO contract vulnerabilityMakerDAO
Previous Post

PepsiCO Blockchian Trial Brings Significant Boost to Its Supply Chain

Next Post

Hundreds of Git Code Repositories Hacked! Bitcoin Ransom Demanded

Anca F.

Anca F.

Related Posts

GENIUS Act Could Alter US Financial Landscape

by Solomon M.
July 3, 2025

Analysis of GENIUS Act's impact on US dollar and stablecoin regulation.

xStocks Trading Volume Surges 540% Amid Market Interest

by Solomon M.
July 3, 2025

xStocks sees a 540% trading volume increase over three days, driven by tokenized assets.

The Open Platform Raises $28.5M at $1B Valuation

by Solomon M.
July 3, 2025

The Open Platform raises $28.5M at a $1B valuation, targeting blockchain growth with strategic funds.

The Open Platform Secures $28.5 Million Series A Funding

by Solomon M.
July 3, 2025

The Open Platform raises $28.5 million Series A led by Ribbit Capital, hitting $1 billion valuation.

July Fed Rate Cut Likely Delayed by Job Data

by Solomon M.
July 3, 2025

July Fed rate cut expectations diminish as strong US job data emerges, impacting financial markets.

DeFi Technologies Expands Operations into UAE with New Office

by Solomon M.
July 3, 2025

DeFi Technologies opens UAE office, marking a strategic expansion into the MENA region.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.