Governance control of Tornado Cash expected to be restored as voters approve proposal

A total of 517,000 token votes favored the proposal, with none opposed.

Tornado Cash governance control should be restored as voters approve the proposal News Join us on social networks

Tornado Cash governance token holders will soon regain control of protocol operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain its authority and direct the protocol towards recovery and improved security measures.

On May 26, the proposal to return control to the original governance token holders of Tornado Cash was successfully passed. A total of 517,000 token votes favored the proposal, with none opposed. This resolution brings a quick conclusion to a governance takeover that fortunately did not impact the protocol itself, but led to the theft of specific governance tokens.

A screenshot showing voting results. Source: Tornado Cash

By successfully orchestrating a takeover of the protocol governance system, the attacker engineered a malicious proposal that granted him 1.2 million votes. Leveraging this significant voting power, they passed additional proposals, eventually taking control of previously acquired governance tokens. Their tactics allowed them to manipulate the governance structure, resulting in a transfer of authority in their favour.

In a surprising turn of events, just hours after the hack, the

Governance control of Tornado Cash expected to be restored as voters approve proposal

A total of 517,000 token votes favored the proposal, with none opposed.

Tornado Cash governance control should be restored as voters approve the proposal News Join us on social networks

Tornado Cash governance token holders will soon regain control of protocol operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain its authority and direct the protocol towards recovery and improved security measures.

On May 26, the proposal to return control to the original governance token holders of Tornado Cash was successfully passed. A total of 517,000 token votes favored the proposal, with none opposed. This resolution brings a quick conclusion to a governance takeover that fortunately did not impact the protocol itself, but led to the theft of specific governance tokens.

A screenshot showing voting results. Source: Tornado Cash

By successfully orchestrating a takeover of the protocol governance system, the attacker engineered a malicious proposal that granted him 1.2 million votes. Leveraging this significant voting power, they passed additional proposals, eventually taking control of previously acquired governance tokens. Their tactics allowed them to manipulate the governance structure, resulting in a transfer of authority in their favour.

In a surprising turn of events, just hours after the hack, the

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow