Post-exploit response score
Sky Lending (formerly MakerDAO)'s assessment for RD-F-081 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Black Thursday post-exploit response scored 2.5/5 composite: compensation completeness 1/5 (governance voted 65% for 0% direct vault-owner reimbursement on 2020-09-22; class-action lawsuit dismissed Feb 2023); transparency 4/5 (public forum thread opened same day March 12 at 17:11 UTC); root-cause depth 4/5 (oracle + auction failure clearly identified in multiple public analyses); protocol recovery speed 4/5 (MKR auction launched March 19, 7 days). Composite 2.5/5 = yellow.
Detail #
Compensation vote: 65% MKR holders chose 0% reimbursement; 17.6% chose 18% reimbursement. Protocol shortfall (~$4.5M–$5.67M DAI) recapitalized via MKR dilution auction 2020-03-19. Class-action lawsuit seeking $28M filed April 2020; sent to arbitration Sept 2020; dismissed by US District Court Feb 22, 2023 (Judge Maxine Chesney). No final settlement of class claims confirmed.
Sources #
- URLMaker MCD Ethereum System Liquidation Report and Black Thursday Compensation AnalysisSky Forum: Maker MCD Ethereum System Liquidation Report April 28 2020 — formal protocol post-mortemretrieved 2026-04-28
- Black Thursday Response Thread — Sky ForumSky Forum: Black Thursday response thread — opened 2020-03-12 at 17:11 UTC by LongForWisdomretrieved 2026-04-28
- Crypto Investors $28M Black Thursday Lawsuit Against Maker DismissedCoinDesk: $28M class-action lawsuit dismissed Feb 22 2023 (Judge Maxine Chesney, US District Court N. California)retrieved 2026-04-28
- Maker Votes to Not Compensate Black Thursday Victims — DecryptDecrypt: Maker votes not to compensate Black Thursday victims — compensation vote 2020-09-22, 65% for 0%retrieved 2026-04-28
Methodology #
Curator-score (1–5) the most recent incident response on: compensation completeness, transparency of disclosure, root-cause analysis depth, and operational recovery speed.
See the full factor methodology and distribution across all protocols →