Layer2DAO Hack

REPORTED LOSS $190K
Low Access Control optimism

What happened

Quick Summary

Layer2DAO investing platform was exploited. The hacker compromised the private key of the multi-sig wallet and stole roughly 50,000,000 $L2DAO tokens.

Details of the Exploit

Layer2DAO is a decentralized investment and staking platform running on the Optimistic chain. The project's multi-sig wallet was compromised. The attacker was able to steal 49,950,000 $L2DAO tokens.

With the effort of the project's team, 31,239,611 $L2DAO tokens were repurchased to secure the token's price. Although, the token price dropped by more than 36% over the last 24 hours. The hacker profited for 71,119 $USD.

Block Data Reference

Malicious transaction:

https://optimistic.etherscan.io/tx/0x074c9a70…5a8201

Case & protocol details

Classification Exchange (DEX) / Social Engineering
Protocol Type Exploit/Access control
Affected asset / contract L2DAO
Official Website www.layer2dao.org/
Protocol Twitter/X @TheLayer2DAO

Funds Recovery

62.6%

Recovered

$119K

Net Loss

$71,198

Evidence & learning

Attack pattern

Compare incidents →
Access Control Attacks Phishing Attacks

Sources and on-chain records

Browse all hacks

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