- A complete of 517,000 token votes have been solid in favor of the plan.
- An attacker took management of the protocol’s governance mechanism earlier.
Because of an sudden request made by the attacker, Twister Money governance token holders will quickly reclaim authority over the operation of the protocol. With this new energy, the group can drive the protocol towards reparation and elevated security.
On Might 26, the proposal to return energy to the unique Twister Money governance token holders was accredited. There have been a complete of 517,000 token votes solid in favor of the plan, with zero in opposition to. Luckily, the protocol itself was unaffected by this decision, though it did end in some governance tokens being stolen.
An attacker took management of the protocol’s governance mechanism and obtained 1.2 million votes for a fraudulent proposal.
Caught off guard by an sudden act
Utilizing this huge voting affect, they pushed via different proposals and ultimately took management of the governance tokens. By way of their methods, they have been in a position to affect the facility construction and achieve management.
Simply hours after the breach, the attacker reached out to the Twister Money group with a startling suggestion, ostensibly geared toward regaining management of cryptocurrency governance. Many individuals have been stunned by this sudden act, which piqued their curiosity and led them to additional examine the perpetrator.
The hacker obtained away with 483,000 Twister Money (TORN) tokens, as revealed by Martin Lee, an information journalist at crypto-analytics website Nansen.
After that, they engaged in a sequence of trades the place they exchanged $890,000 of stolen tokens for 485 ETH. They have been in a position to stroll away with 39,000 TORN, or about $160,000, due to their intelligent plan.
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