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Twister Cash aggressor to possibly giveback governance control, proposition exposes

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Just a day after an aggressor triggered community-wide panic after hijacking the Tornado Cash governance, a brand-new proposition tips at the possible remediation of the state of governance.

On May 21, the passing of a destructive proposition enabled an enemy to gain total control over Tornado Cash’s governance. With overall control over the governance of the decentralized crypto mixer, the aggressor was in a position to cause enormous losses thinkingabout they might withdraw all of the locked votes, drain all of the tokens in the governance agreement and brick the router.

While the story unfolded, neighborhood member Tornadosaurus-Hex or Mr. Tornadosaurus Hex, took proactive actions to reduce the possible damages by publishing a subsequent proposition askingfor all members to withdraw all funds locked in governance, as revealed listedbelow.

Tornado Cash neighborhood member’s proposition for getting control from aggressor. Source: forums.tornadocash.community

However, Mr. Tornadosaurus Hex (Hex) was unpredictable about the efficiency of the brand-new proposition thinkingabout the aggressor’s grip over the mixer’s governance. A coupleof hours into the hack, to everybody’s surprise, the enemy remarkably reached out to the Tornado Cash neighborhood with a brand-new proposition, hinting at their intent to offer back the governance control.

Tornado Cash assaulter’s proposition to return governance control. Source: forums.tornadocash.community

As revealed above, Hex interacted the opponent’s strategy to the neighborhood specifying that:

“The opponent published a brand-new proposition to bringback the state of Governance. I believe that there is a great possibility he’s going to perform it.”

Hex more pointed out that while the neighborhood has no other alternative other than complying with the enemy’s selected technique of providing back the governance control, his due diligence with regard to confirming storage designs checks out.

Mr. Tornadosaurus Hex verified the slot matching. Source: orums.tornadocash.community

While lotsof neighborhood members revealed optimism towards the aggressor’s expected modification of heart, others hypothesize it was a relocation to pump the TORN token’s cost priorto cashing out.

Related: Allbridge uses bounty to exploiter who took $573K in flash loan attack

On the brilliant side, the crypto environment hasactually seen a sharp decrease in the general hacks in the veryfirst quarter of 2023.

Graph proving hacks and makesuseof from Q1 2022 – Q12023 Source: TRM Labs.

However, history recommends that crypto users shouldn’t get contented as 2022 saw a spike in crypto hacks quickly after recording a sluggish stage.

Magazine: ‘Moral obligation’: Can blockchain truly enhance trust in AI?

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