Tornado Cash has been hacked! - Over $2.1 million worth of TORN tokens have been stolen - $TORN is 40% down How did that happen? Read here -
voters passed the proposal, the exploiter implemented the emergencyStop function and updated the proposal logic to grant themselves 1.2 million fake votes. The attacker’s votes are more than 700,000 legitimate ones, so they have gained full control of the crypto mixer’s governance.With complete control, the attacker can do whatever they want, like withdrawing all the locked votes, draining all tokens in the governance contract, and bricking the router.
“Finally, what can we learn from this? Be careful what you vote for! While we all know that proposal descriptions can lie, proposal logic can lie too! If you’re depending on the verified source code to stay the same, make sure the contract doesn’t have the ability to self-destruct,” samczsun warned.Shortly after taking hold of Tornado Cash’s contract, the exploiter drained 473,000 TORN – the mixer’s native token – worth more than $2.
While urging users to extract their funds, Tornadosaurus-Hex has also tried to deploy a contract that could revert the changes. “A proposed solution for the attack which possibly might be viable is reverting the state changes that the attacker made to the contract, directly. As such, I’ve deployed a contract that should be able to do exactly this… Please check it out and if possible propose. Let’s see if we can get it through, otherwise we’re fucked I would say,” the community member said.
Somewhat expectedly, the project’s native token plummeted after the news surfaced. TORN jumped to $7.3 on May 20 but has lost roughly 40% of its value in the following days and now sits at $4.5.
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