The post Tornado Cash’s TORN Token Surges 10% Amidst Proposal to Reverse Recent Attack appeared first on Coinpedia Fintech News
The operations, funds, and future plans of privacy-focused crypto mixer Tornado Cash were compromised over the weekend when an unidentified attacker or group gained control of the DAO responsible for its management.
During the incident, the attacker introduced a malicious proposal containing hidden code that allowed them to generate fraudulent votes. These votes can now be utilized to influence certain aspects of Tornado Cash, including the handling of torn (TORN) tokens stored in the main governance contract or the withdrawal of locked torn tokens.
Following this attack, the price of TORN plummeted by over 40%. However, there have been some updates from the attackers, which sent the price of TORN up by 10%.
Tornado Cash attackers put forth a proposal
The Tornado Cash token (TORN) has experienced a 10% increase following the submission of a proposal by a wal
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