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DAO Maker

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[AI-DRAFTED · AWAITING VERIFICATION]

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anchored·9v2TvQ…2X6r

Summary

DAO Maker is a crypto fundraising and launchpad platform founded in 2018 by Christoph Zaknun and Giorgio Marciano, known for its Strong Holder Offering (SHO) and Dynamic Coin Offering (DYCO) mechanisms. The platform suffered two confirmed exploits in August and September 2021 totaling approximately $11 million in losses, affecting over 5,200 users. A promised multi-phase compensation plan was subsequently undermined by an alleged governance vote manipulation, leaving a significant portion of hack victims unreimbursed as of 2024.

Connected Entities

1 entities · 10 linked investigations
Organizations
□DAO Maker
Relationships
    Also appears in
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    Have evidence about DAO Maker?

    Timeline(10 events)

    2018

    DAO Maker founded by Christoph Zaknun and Giorgio Marciano.

    Golden.com Wiki

    12 August 2021

    DAO Maker SHO contract exploited via compromised admin private key; 7,376,245 USDC drained from 5,251 user wallets. Attacker converts funds to ~2,261 ETH. PeckShield first reports publicly.

    CoinDesk

    19 August 2021

    DAO Maker airdrops initial USDC compensation to affected users, covering approximately 30–50% of losses.

    Quadriga Initiative Case Study

    4 September 2021

    DAO Maker vesting contract exploited via unauthenticated init() function; attacker drains ~$4 million from four token contracts (DERC, CPD, CAPS, SHO tokens) using emergencyExit().

    SlowMist Medium

    8 September 2021

    DAO Maker airdrops USDR IOU tokens to hack victims representing remaining unpaid compensation, redeemable for DAO tokens at 110% face value by September 8, 2022.

    Quadriga Initiative Case Study

    17 February 2022

    CertiK completes most recent security audit of DAO Maker contracts, assigning a score of 85.84; identifies one major centralization/privilege concern.

    CertiK Skynet

    8 September 2022

    USDR token redemption deadline passes; ~3,500 addresses still hold approximately $3.5 million in unredeemed USDR tokens.

    Rekt News

    3 October 2022

    Governance proposal surfaces on DAO Maker Discord proposing suspension of USDR redemptions, framed as 'Prevent Major $DAO DUMP.' Proposal attributed to user @Dante.eth.

    Rekt News

    16 October 2022

    Governance vote closes; option to redeem USDR at 50% of par value passes with 61.72% of voting tokens, allegedly concentrated in six wallet addresses. Proposal subsequently deleted from Snapshot.

    CoinTelegraph

    2024

    CoinTelegraph reports that hack victims still have not received remaining reimbursement three years after the exploit; USDR tokens rendered non-redeemable for monetary value.

    CoinTelegraph
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain13 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 13 of 16 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/31/2026, 6:59:08 AM

    last updated: 7/26/2026, 4:53:37 AM

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