Attacker Takes Over Tornado Cash DAO With Vote Fraud, Token Slumps 40%

The DAO handling operations, funds and future plans of privacy-focused crypto mixer Tornado Cash was effectively taken over by an unidentified attacker, or group of attackers, on Saturday.

DAOs, short for decentralized autonomous organizations, allow token holders to lock up their holdings as votes for proposing changes to a project. These changes can range from deploying treasury funds to purposes that benefit the project to expansion on other networks.

At the start of the weekend, the attacker floated a malicious proposal that hid a code function that granted them fake votes that can now be used to handle some aspects of Tornado Cash, such as torn (TORN) tokens

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