Crititcal Vulnerability to be Found in MakerDAO

Users who staked MKR in the current MakerDAO Governance Voting Contract (approx.190) should immediately withdraw funds from the old contract to a private wallet
07 May 2019   763

The Maker Foundation, a non-profit organization in partnership with Coinbase and the Zeppelin platform, conducted a second round of an audit of a MakerDAO network voting smart contract, during which a critical vulnerability was discovered. The developers initiated an urgent upgrade.

You are not in danger of losing your MKR if you own one of the ~190 addresses who have staked MKR in the current MakerDAO Governance Voting Contract, but you are advised to move your MKR out of the old contract and back into your personal wallet immediately.
 

Rich_at_MakerDAO

Head of Community Development, MakerDAO

Instructions can be found on the link.

However, the developers stressed that user funds remain secure, and the vulnerability has already been fixed. Those who do not participate in the voting weren't affected by the problem.

In the last vote on the additional collection was attended by 114 876 MKR (over $ 60 million).

Earlier it became known that a number of top managers left the Maker Foundation because of a conflict with the founder of the project, Rune Christensen, who allegedly made an attempt to centralize control over the Maker development fund.

Cobalt & Lithium Supplies to be Tracked With DLT

The platform will be created by the Everledger together with Circulor using Hyperledger Fabric
26 March 2020   839

Everledger, a British startup, has partnered with Circulor to develop a platform based on the Hyperledger Fabric blockchain to track supply chains of cobalt and lithium.

Everledger specializes in using blockchain to combat counterfeiting of precious stones, in particular diamonds. The company’s management said it intends to expand its business using blockchain to control the supply of rare minerals used in the production of batteries.

Well-known carmaker Mercedes Benz is already using Circulor technology to track its supply of cobalt and its carbon footprint. Circulor and Everledger share a similar concept - with the help of the blockchain they control the observance of social and environmental standards in mining. Therefore, startups decided to develop a joint product.

Everledger co-founder Leanne Kemp and Circulor CEO Doug Johnson-Poensgen said their solution will work on the Hyperledger Fabric blockchain. The possibility of interacting with IBM is also being discussed.

Poensgen added that the platform will be used not only to track cobalt production in the Democratic Republic of Congo, but in different regions of the world. For example, lithium mining in the Atacama desert leads to water pollution, so the solution on the blockchain is aimed at preventing environmental disasters.