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 line with Twitter consumer @0xdface, everybody will know the outcomes on Could 26, 2023, 11:53:38 GMT, “plus probably 6 hours delay if some final minute adjustments 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.”

TornadoCash attacker deployed new proposal that, if executed, would seemingly revert the harm accomplished to the Governance performance. Both they’re giga trolling or it’s going to find yourself being an costly however not disastrous lesson in Governance safety.https://t.co/QMWYFsi8kP

— 0xdeadf4ce (@0xdface) Could 21, 2023

I imply notice that we don’t also have a alternative with reference to this proposal however it’s nonetheless necessary nonetheless.

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

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

The Twister Money attacker obtained a complete of 483,000 TORN from the Twister Money governance vault, and has deposited 6,000 TORN into Bitrue; offered 379,300 TORN on the chain and exchanged it for 375 ETH (about 680,000 U.S. {dollars}). The worth is US$1.8; there are nonetheless 97,700 TORNs…

— Wu Blockchain (@WuBlockchain) Could 21, 2023

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.

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