- The attacker was able to access DAO Maker's balance by taking advantage of a bug on DAO Maker's contract, said a spokesperson from PeckShield.
A compensation plan is in the works, the project said.
UPDATE (Aug. 12, 14:04 UTC): Adds comments from DAO Maker's Twitter feed.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.