TornadoCash Attacker Proposes to Revert DAO After Gaining $650,000

• TornadoCash hacker presents a brand new proposal to revive the DAO’s state of governance.
• The brand new proposal comes after the hacker had obtained 483,000 TORN and exchanged over 379,000 to achieve $650,000.
• The cryptocurrency neighborhood is cautious of the brand new proposal.

On Could 22, the TornadoCash hacker deployed a brand new proposal that may seemingly restore the DAO’s state of Governance. In response to Twitter consumer @0xdface, everybody will know the outcomes on Could 26, 2023, 11:53:38 GMT, “plus doubtlessly 6 hours delay if some final minute modifications in lead happen.” On the time of writing, there are over 500,000 votes in favor of the proposal.

Nonetheless, the cryptocurrency neighborhood is cautious of the proposal. Some have posited that the proposal could also be a ploy to pump TORN in order that the hacker might dump extra tokens at a greater worth. @0xdface themselves offered that the proposal might both be a type of trolling or “an costly however not disastrous lesson in Governance safety.”

I imply be aware that we don’t actually have a alternative with reference to this proposal however it’s nonetheless vital nonetheless.

Beforehand, Tornadosaurus-Hex additionally tried to revive the DAO after the assault. Hex proposed an answer to instantly revert the modifications that the attacker made to the contract. Nonetheless, Hex warned that whoever proposes the answer dangers their TORN turning into rugged, but when executed appropriately, it might doubtlessly save the protocol.

On Could 20, a malicious consumer attacked the TornadoCash governance by means of a malicious proposal. The proposal granted the attacker 1.2M votes in comparison with the 700,000 legit votes within the DAO. Afterward, the attacker obtained 483,000 TORN, deposited 6,000 TORN into Bitrue, bought 379,300 TORN, and exchanged it for 375 ETH value $680,000 on the time.

The attacker allegedly snuck in an additional operate after they created their malicious proposal. The proposal used the identical logic as a earlier proposal that voters accredited, and as soon as the brand new proposal was accredited by voters, the assault used the emergencyStop operate to replace the proposal logic so as to grant themselves the pretend votes.