Tornado Cash DAO Attacked, TORN Token Slumps.
TL;DR
Tornado Cash's TORN token has surged by 10% after an attacker submitted a proposal to reverse the malicious changes made during a recent attack on the DAO's governance state. The attacker is reverting the TORN tokens they gave themselves, which gave them a controlling share of the governance votes, back to zero. The proposal is expected to pass when voting closes on May 26, and the governance of Tornado Cash's DAO will go back to token holders. However, there are concerns that this might be a "gigatroll" to depress the token's price and increase the attacker's holdings at a discount.
- Tornado Cash’s TORN Token Up 10% as Attacker Submits Proposal to Undo Attack CoinDesk
- Attacker hijacks Tornado Cash governance via malicious proposal Cointelegraph
- Sanctioned Crypto Mixer Tornado Cash Hijacked By Hackers Bloomberg
- Attacker Takes Over Tornado Cash DAO With Vote Fraud, Token Slumps 40% CoinDesk
- Top Crypto Gainers & Losers Today - Tornado Cash Crash, Pepe Price Bounces Cryptonews
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