MakerDAO statement: Oasis cannot be controlled, and the hacker of the Jump reverse attack does not involve its smart contract

On February 25, it was reported that because Jump Crypto and Oasis jointly recovered 120000 ETH Wormhole stolen funds through reverse attack, MakerDAO issued a Twitter statement that in view of the recent transactions related to Maker Vault 30100 and Oasis front-end, it was necessary to explain the differences between MakerDAO, Maker protocol and third-party front-end providers. MakerDAO cannot control any front-end providers or products that enable end users to access Maker Vaults.

Interpretation of this information:

The message highlights the recovery of stolen funds through a reverse attack by Jump Crypto and Oasis. In response, MakerDAO released a statement on Twitter explaining the differences between MakerDAO, Maker Protocol, and third-party front-end providers. The statement emphasized that MakerDAO does not have control over any front-end providers or products that enable users to access Maker Vaults.

The recovery of 120000 ETH Wormhole stolen funds is a significant achievement by Jump Crypto and Oasis. It demonstrates their expertise in using reverse attack methods to recover stolen funds. The size of the stolen funds highlights the importance of implementing robust security measures to safeguard cryptocurrency assets. The recovery of these funds is likely to inspire confidence in the security of cryptocurrency assets among investors and users.

The statement by MakerDAO emphasizes the importance of clarifying the differences between MakerDAO, Maker Protocol, and third-party front-end providers. The distinction between these entities is essential for understanding their roles and responsibilities. MakerDAO is a decentralized autonomous organization that aims to provide stability to the value of Dai, a stablecoin. Maker Protocol is a smart contract system that runs on Ethereum and serves as the backbone of MakerDAO. Third-party front-end providers enable end-users to access Maker Vaults, which allow them to manage their cryptocurrency assets.

The statement clarifies that MakerDAO cannot control any front-end providers or products that enable end-users to access Maker Vaults. This is a critical point as it emphasizes that MakerDAO is a decentralized organization that operates in a trustless environment. It is up to the end-users to ensure that they choose reliable third-party front-end providers that comply with industry best practices and security standards.

In summary, the message highlights the recovery of stolen funds through a reverse attack by Jump Crypto and Oasis. MakerDAO’s statement clarifies the differences between MakerDAO, Maker Protocol, and third-party front-end providers. The statement emphasizes that MakerDAO cannot control any front-end providers or products that enable end-users to access Maker Vaults. The three keywords that summarize the content are recovery, clarification, and control.