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Crypto mixer Twister Money was hijacked by hackers on Could 20 sees the worth of governance token TORN soar because the dangerous agent makes a proposal to provide again governance management.
A person named Tornadosaurus-Hex posted a message on Twister Money’s governance discussion board stating that the attacker had submitted a brand new proposal to revive the state of governance. Tornadosaurus-Hex shared a hyperlink to the unique on-chain proposal by the alleged attacker.
The revelation that the attacker might restore the protocol to its pre-attack state trigger the TORN value to go up from $3.49 to $4.72. Regardless of the sturdy restoration, nonetheless, TORN’s value stays down by round 36% from the excessive of $7.40 seen simply earlier than the assault passed off on Could 20.
By submitting a fraudulent proposal that hid a code perform granting them pretend votes throughout the DAO, the attacker(s) successfully took management of the decentralized autonomous group (DAO) which manages the operations and funds of Twister Money.
They gained management over facets like TORN tokens held within the governance contract with these votes.
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