Tornado Cash's whirlwind of a ride is almost over.

29 May 2023, 16:30
🌪Tornado Cash’s whirlwind of a ride is almost over Tornado Cash got hacked in the most nightmarish way for a DAO — by having its governance process subverted by a malicious actor who got the unsuspecting community to give him the power of 1,200,000 votes while the entire TORN community only has around 700,000 votes. 📌And then, he suddenly proposed to give all the control back. But not before using Tornado Cash’s own mixer to obfuscate the movement of the 483,000 TORN tokens he stole from their treasury, netting around $890,000 in ETH with another $160,000 still held in TORN. How will it end? Well, there may be a happy ending in sight very soon. And a major lesson for all DAOS. 📖 Find out all the details of this developing governance theft of a lifetime story in the full article 👉 here

Same news in other sources

1
DeXe
DeXeDEXE #110
Telegram
29 May 2023, 16:33
🌪Tornado Cash’s whirlwind of a ride is almost over Tornado Cash got hacked in the most nightmarish way for a DAO — by having its governance process subverted by a malicious actor who got the unsuspecting community to give him the power of 1,200,000 votes while the entire TORN community only has around 700,000 votes. 📌And then, he suddenly proposed to give all the control back. But not before using Tornado Cash’s own mixer to obfuscate the movement of the 483,000 TORN tokens he stole from their treasury, netting around $890,000 in ETH with another $160,000 still held in TORN. How will it end? Well, there may be a happy ending in sight very soon. And a major lesson for all DAOS. 📖 Find out all the details of this developing governance theft of a lifetime story in the full article 👉 here
Tornado Cash's whirlwind of a ride is almost over.
🌪Tornado Cash’s whirlwind of a ride is almost over Tornado Cash got hacked in the most nightmarish way for a DAO — by having its governance process subverted by a malicious actor who got the unsuspecting community to give him the power of 1,200,000 votes while the entire TORN community only has around 700,000 votes. 📌And then, he suddenly proposed to give all the control back. But not before using Tornado Cash’s own mixer to obfuscate the movement of the 483,000 TORN tokens he stole from their treasury, netting around $890,000 in ETH with another $160,000 still held in TORN. How will it end? Well, there may be a happy ending in sight very soon. And a major lesson for all DAOS. 📖 Find out all the details of this developing governance theft of a lifetime story in the full article 👉 here