Following a recent attack on the decentralized autonomous organization (DAO) governing Tornado Cash, the TORN token has seen a 10% increase in value.
Tornado Cash Attacker Makes Offer to Revert Attack
Following a recent attack on the decentralized autonomous organization (DAO) governing Tornado Cash, the TORN token has seen a 10% increase in value. The attack involved a proposal submitted by a wallet address associated with the attacker, aiming to reverse the malicious changes made to the governance state. The attacker, who holds a significant amount of TORN governance tokens, plans to revert the tokens they obtained back to zero, effectively relinquishing the controlling share of governance votes they had acquired.
While structural attacks on DAOs and decentralized finance (DeFi) protocols have led to legal consequences in the past, the attacker behind this exploit might be taking advantage of Tornado Cash's recent designation as a sanctioned entity. Despite limited choices regarding the proposal, community members recognize its significance in restoring the governance integrity of Tornado Cash.