The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures.
On May 26, the proposal to restore control to the original governance tokenholders of Tornado Cash passed successfully. A total of 517,000 token votes favored the proposal, with none opposing it. This resolution brings a swift conclusion to a governance takeover that, fortunately, did not impact the protocol itself, but did lead to the theft of specific governance tokens.
By successfully orchestrating a takeover of the protocol’s governance system, the attacker maneuvered a malicious proposal that granted them 1.2 million votes. Leveraging this significant voting power, they passed additional proposals, ultimately seizing control over previously vested governance tokens. Their tactics allowed them to manipulate the governance structure, resulting in a transfer of authority in their favor.
In a surprising turn of events, just a few hours after the hack, the attacker unexpectedly contacted the Tornado Cash community, presenting a proposal purportedly aimed at restoring governance control. This unexpected gesture surprised many, raising curiosity and prompting further scrutiny of the attacker’s intentions and motivations.
As reported by Martin Lee, a data journalist from the crypto analytics site Nansen, the attacker managed to
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Author: Amaka Nwaokocha
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