DAO Maker Vesting
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 22 → 40. Problems weighed by who is responsible: the subject's own conduct −16, incidents the subject suffered −9.6, concerns that are not fraud −6.4, problems around the subject, caused by others −0.8; legitimacy credit long-running +8. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -16 |
| Concerns that are not fraud | -6.4 |
| Incidents it suffered (e.g. hacks) | -9.6 |
| Problems around it, caused by others | -0.8 |
| Long-running | +8 |
| Sum | 40 |
Score: 40/100 (kept between 0 and 100)
How scoring works →Summary
DAO Maker Vesting refers to the smart contract infrastructure operated by DAO Maker, a crypto launchpad platform, that was compromised in two separate exploits in 2021 resulting in combined losses of approximately $11 million. The August 2021 incident drained $7 million in USDC from 5,251 user accounts via a compromised admin private key, and a second exploit in September 2021 extracted approximately $4 million from vesting contracts via an unauthenticated init() function vulnerability. Victims allege that DAO Maker has failed to honor its full compensation commitments over three years after the hacks, with governance manipulation alleged to have been used to cancel the USDR reimbursement program.
Connected Entities
7 entities · 60 linked investigations- XDC Network→mentioned with→Ethereum(65%)
- DAO Maker→mentioned with→Ethereum(60%)
- Circle→mentioned with→Binance(60%)
- Circle→mentioned with→Ethereum(70%)
- DAO Maker Vesting→mentioned with→Ethereum(60%)
- Binance→mentioned with→Ethereum(65%)
- DAO Maker Vesting→mentioned with→Binance(70%)
- DAO Maker→mentioned with→Cointelegraph(65%)
- Cointelegraph→mentioned with→Ethereum(60%)
- DAO Maker→mentioned with→DAO Maker Vesting(80%)
- + 4 more
Timeline(9 events)
12 August 2021
DAO Maker suffers first hack: approximately $7 million in USDC stolen from 5,251 user accounts via compromised admin private key. Stolen USDC converted to ETH; approximately 3,800 ETH moved to Tornado Cash.
17 August 2021
DAO Maker announces compensation plan including immediate 500 USDC airdrop per victim and USDR IOU tokens redeemable at 110% of losses after one year. Original Medium post later deleted.
4 September 2021
DAO Maker suffers second hack: approximately $4 million stolen from vesting contracts via unauthenticated init() function vulnerability. Affected tokens include CAPS, CPD, DERC, and SHO tokens swapped to DAI.
8 August 2022
Promised USDR redemption date passes. Approximately 3,500 addresses holding roughly $3.5 million in USDR await redemption that does not materialize.
9 September 2022
PeckShield and CertiK report that 500,000 DAI from the 2021 DAO Maker hack is being laundered through Tornado Cash, over a year after the initial attack.
6 October 2022
DAO Maker removes USDR/USDC liquidity pool. Community investigators allege governance vote to cancel USDR redemptions was passed using team-controlled wallets, then deleted from Snapshot.
April 2024
CoinTelegraph reports that hack victims still await reimbursement three years after the August 2021 exploit. DeFi researcher SOMA Analytics publishes findings alleging governance manipulation to cancel compensation.
31 October 2025
DAO Maker announces partnership with XDC Network for launchpad integration, continuing platform operations.
2026
OKX delists the DAO token alongside six other tokens, reducing exchange liquidity for the native platform token.
Decision Log
- slot 457845907 · hash 6MUDKhP1XLrn3D3KAUGG7u5h8v14MBJr9Rd86TpVjXmH
- slot 455362939 · hash CmjSRHxdFAtspLWg3mUjrD88tcj217rwZMgPAtPgDGKC
- slot 426265558 · hash wSyZbBeF3FbS9299q69yfdtJA5Rikv3feZkoRkMpSCW
- slot 426265555 · hash 413GpgMBfj2R4AfkVqagCrkWwa1djeaEGanmH6Yrb18M
- slot 422768954 · hash 8SxK126wbhXPWPqTBAudmzDc3wvSECckvSxq3RPFRiHd
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 14 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:55 AM
last updated: 10/10/2026, 6:42:59 PM
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