MakerDAO's Black Thursday: How One Bot Got $8.32M in ETH for Free

BitcoincomNews · 2026-03-07T11:40:09+00:00

The essay discusses a significant incident on March 12, 2020, when a bot acquired $8.32M in ETH without payment, highlighting flaws in MakerDAO's liquidation system. It underscores the lasting impact on DeFi protocols' risk designs.

BitcoincomNews

2026-03-07 11:40:09

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Story Highlights* On March 12, 2020, a single bot acquired $8.32M in ETH and paid absolutely nothing.

MakerDAO’s liquidation system worked exactly as designed, which was the problem.
Every major DeFi protocol built after 2020 traces its risk design back to one 40-minute window.

ETH-3,31%

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