An attacker who sparked community-wide panic by hijacking the Tornado Cash governance is now proposing to undo their hack — and whereas not everybody feels the hacker will be trusted, they apparently have little alternative within the matter.
On Might 21, the passage of a malicious proposal allowed the attacker to achieve full management over Twister Money’s governance. With whole management over the governance of the decentralized crypto mixer, the attacker was ready to inflict large losses, contemplating they may withdraw all the locked votes, drain all the tokens within the governance contract and brick the router.
Whereas the story unfolded, group member Tornadosaurus-Hex or Mr. Tornadosaurus Hex, took proactive steps to reduce the potential damages by publishing a subsequent proposal requesting all members to withdraw all funds locked in governance, as proven under.
Nonetheless, Mr. Tornadosaurus Hex (Hex) was unsure in regards to the effectiveness of the brand new proposal contemplating the attacker’s grip over the mixer’s governance. A couple of hours into the hack, to everybody’s shock, the attacker surprisingly reached out to the Twister Money group with a brand new proposal, hinting at their intent to present again the governance management.
As proven above, Hex communicated the attacker’s plan to the group, stating that:
“The attacker posted a brand new proposal to revive the state of Governance. I feel that there’s a good probability he’s going to execute it.”
Hex additional identified that whereas the group has no different possibility apart from complying with the attacker’s chosen methodology of giving again the governance management, his due diligence with regard to verifying storage layouts checks out.
Whereas many group members confirmed optimism towards the attacker’s supposed change of coronary heart, others speculate it was a transfer to pump the TORN token’s value earlier than cashing out.
Associated: Allbridge offers bounty to exploiter who stole $573K in flash loan attack
On the intense aspect, the crypto ecosystem has witnessed a pointy decline in the overall hacks in the first quarter of 2023.
Nonetheless, historical past means that crypto customers shouldn’t get complacent as 2022 witnessed a spike in crypto hacks quickly after recording a sluggish part.
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