- The TornadoCash hacker makes a brand new bid to revive the management state of the DAO.
- The brand new supply comes after the hacker obtained 483,000 TORN and traded over 379,000 to earn $650,000.
- The cryptocurrency neighborhood is cautious of the brand new proposal.
Might 22 The TornadoCash hacker has launched a brand new proposal that seems to revive the management state of the DAO. In accordance with Twitter person @0xdface, everybody will know the leads to 2023. Might 26 11:53:38 GMT “plus potential 6 hour delay if final minute lead change”. On the time of writing, greater than 500,000 votes have been forged in favor of the proposal.
However the cryptocurrency neighborhood is cautious of the proposal. Some urged the supply might be a ploy to pump TORN so the hacker might dump extra tokens at a greater worth. @0xdface himself urged that the proposal might be a type of trolling or “an costly however not disastrous lesson in administration safety”.
The TornadoCash attacker has launched a brand new supply that, if executed, appears to reverse the harm completed to the administration perform. Both they’re trolling lots or this might be an costly however not disastrous lesson in administration safety. https://t.co/QMWYFsi8kP
— 0xdeadf4ce (@0xdface) March 2023 Might 21
I imply, we do not actually have a selection about this proposal, nevertheless it’s nonetheless essential.
Earlier, Tornadosaurus-Hex additionally tried to revive the DAO after the assault. Hexas proposed an answer to immediately roll again contract adjustments made by the attacker. Nonetheless, Hex warned that whoever proposes an answer runs the danger of creating their TORN strong, but when completed appropriately, it might save the protocol.
Might 20 A malicious person attacked the administration of TornadoCash by submitting a malicious supply. The supply gave the attacker 1.2 million. votes in comparison with 700,000 reliable votes for the DAO. Later, the attacker acquired 483,000 TORN, deposited 6,000 TORN into Bitrue, bought 379,300 TORN and exchanged for 375 ETH, which was value $680,000 on the time.
The Twister Money attacker obtained a complete of 483,000 TORN from the Twister Money management vault and deposited 6,000 TORN into Bitrue; bought 379,300 TORN on-chain and exchanged for 375 ETH (about $680,000 USD). The value is $1.8; nonetheless have 97,700 TORN…
— Wu Blockchain (@WuBlockchain) March 2023 Might 21
The attacker is alleged to have taken benefit of a further characteristic when creating his malicious supply. The proposal used the identical logic because the earlier proposal that was permitted by the voters, and after the voters permitted the brand new proposal, the assault used the EmergencyStop perform to replace the logic of the proposal to present itself faux votes.
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