Another Wild Story About Tornado Cash

by ChainChirp
0 comment

TL;DR

  • On Might 18, the Twister Money DAO by accident voted in a malicious proposal.

  • In brief, the attacker submitted a proposal which was authorized to be voted on, after which the sneaky attacker activated a ‘self-destruct perform’ which changed the unique proposal with a brand new, malicious one, giving them full management of the votes.

  • Then yesterday, the attacker made a new proposal to doubtlessly “restore the state of Governance.”

  • Did the attacker wish to shine mild on the undertaking and pump up the worth of TORN? Or have been they offering a get up name for DAOs to do extra in-depth audits of the proposals despatched to them?

Full Story

Late final week, some loopy issues occurred with the Twister Money undertaking.

Twister Money is legendary for issues like being banned by the US Authorities.

Suffice to say it is controversial at the most effective of instances (it is a ‘mixing service’ on the Ethereum community which mainly makes your crypto untraceable) however buckle up trigger this story is wild.

On Might 18, the Twister Money DAO by accident voted in a malicious proposal.

This guy explains it means higher; however in brief, the attacker submitted a proposal which was authorized to be voted on, after which the sneaky attacker activated a ‘self-destruct perform’ which changed the unique proposal with a brand new, malicious one, giving them full management of the votes.

They have been then in a position to grant themselves 1.2M TORN (that are Twister Money DAO’s governance tokens) from the governance contract.

They swapped 380,000 TORN tokens for 372 ETH and – get this – ran it again by Twister Money to make it untraceable!

See also  Bitcoin Cash Price Could Restart Rally To $300 If It Breaks This Resistance

By maintaining the opposite 820k TORN tokens, they nonetheless have full management over the DAO – it is a hostile takeover if we have ever seen one.

Then yesterday, the attacker made a new proposal to doubtlessly “restore the state of Governance.”

Which led some people to imagine this has all been a ploy to place the token within the highlight, boosting it is worth.

On the time of this writing, TORN is down over 30% so if that was the case, it is actually not working too properly…

The extra doubtless state of affairs is that the attacker wished to offer a get up name for DAOs to do extra in-depth audits of the proposals despatched to them.

(And possibly not permit proposals with a ‘self-destruct perform’ constructed into them?)



Source link

You may also like

Leave a Comment