In an unexpected turn of events, Tornado Cash, a prominent service enabling users to obfuscate cryptocurrency transactions, has fallen victim to a hostile takeover by hackers through a malicious governance proposal.
Following the attack, Binance temporarily suspended the deposits of the protocol’s governance token, TORN. The attack, which allowed the hackers to gain full control over the protocol, has raised concerns about the security and integrity of decentralized systems.
Governance Takeover Unleashes Chaos
Security researcher Samczsun from Paradigm, a renowned crypto investment firm, revealed on Twitter that the attacker manipulated the governance mechanism, granting themselves a staggering 1.2 million fraudulent votes.
Surpassing the 700,000 legitimate votes, this exploit handed the perpetrator complete control over Tornado Cash’s governance functions, with grave implications for the…
