Tornado Cash DAO Passes Attackers’ Proposal to Restore Governance
After gaining preserve an eye fixed on over the Tornado Cash DAO by a malicious proposal on Would possibly per chance perchance 20, the nameless people within the support of the attack appear to be undoing the injure.
The attackers set forth proposal 21, which known as for restoring the regular divulge of governance and reverting their share of governance tokens support to zero. Within the first malicious proposal, the attackers granted themselves 1.2 million governance votes to rob preserve an eye fixed on of the governance.
Proposal 21 passed on Friday with what seemed to be unanimous reinforce from the team, with 517,000 TORN outmoded within the strategy of vote casting. Alternatively, it’s price noting that the attackers themselves voted in prefer of the proposal with their self-assigned governance vitality.
The motive within the support of the attackers’ decision to restore the regular governance parameters stays unclear at the time of writing. One principle is that the attackers now now no longer delight in an passion in controlling the DAO, having already swapped 483,000 TORN tokens for ETH, which they promptly despatched support to Tornado Cash to be laundered.
Tornado Cash attacker peaceful loves the protocol
Swaps a wide allotment of the 483K TORN it exploited to ETH largely using 1inch and proceeds to send 360 ETH to Tornado cash pic.twitter.com/N22tA3xgvG
— Martin (@themlpx) Would possibly per chance perchance 22, 2023
One other principle is that the switch to present support governance preserve an eye fixed on to the team is merely a ploy to plot greater TORN’s label, after which the attackers can promote the relief of the tokens they support.
a that you just are going to have the opportunity to mediate final consequence:
1. hacker acquired a bunch of TORN and dumped it
2. everyone else dumped TORN as properly because now its nugatory
3. hacker makes proposal to restore gov
4. of us aquire the token because label is low (everyone dumped)
5. hacker upright dumps relaxation of tokens they support https://t.co/41DOJ93Cd2— 0xngmi (@0xngmi) Would possibly per chance perchance 21, 2023
Source credit : unchainedcrypto.com