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UPDATE: MakerDAO “Hacker” Liquidated $8M in Ethereum, Can the Debt Auction Salvage MKR?

Maker DAO lost over 5.67 million DAI in liquidations on March 11 and 12 as the Ethereum markets gas prices rose to record highs. As the gas prices rose, there arose an opportunity for users of the platform to bit liquidated ETH for as little as zero DAI, causing a run on the account. New

Maker DAO lost over 5.67 million DAI in liquidations on March 11 and 12 as the Ethereum markets gas prices rose to record highs. As the gas prices rose, there arose an opportunity for users of the platform to bit liquidated ETH for as little as zero DAI, causing a run on the account. New