Tornado Cash Hacked Token Price Dropped 40%

On Saturday an unnamed hacker or group of hackers essentially took over the DAO responsible for the operations, money and future plans of Tornado Cash which is a privacy focused crypto mixer .

The Hacker Used a Malicious Proposal to Take Control

Token holders may vote on proposed modifications to a project by locking up their tokens in decentralized autonomous organizations, or DAOs . Alterations might include anything from using surplus cash for the project’s own advantage to branching out into other networks .
The hacker released a malicious proposal at the weekend’s outset concealing a code function that allowed them fake votes . They may now use them to manage some features of Tornado Cash including torn (TORN) tokens kept in the primary governance contract or the withdrawal of locked torn (TORN) tokens .

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