MakerDAO Foundation proposes new security proposal to prevent all its collateral from being stolen by hackers

The Maker Foundation has proposed a new security proposal that will delay governance of newly enforced contracts by 24 hours. A previous blog post warned that $ 340 million worth of ETH assets could be stolen. Existing vulnerabilities allow any attacker holding about 52,000 MKR to transfer all collateral in the MakerDAO system to themselves without resistance.