ID:
build-finance-81
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Ethereum
Protocol
Assets
Poor Governance
Extended Method:
Hostile governance takeover
Days in Operation:
743
(2.04 Years)
100 pts each
Build Finance DAO suffered a "hostile governance takeover" over the last few days and has lost around $470,000 in funds, according to an announcement today. Over the last few days, an unknown person managed to use a large supply of tokens to vote through a proposal that gave them full control over the DAO’s treasury and its ability to mint tokens. Since then, the perpetrator has sent a significant amount of funds to Tornado Cash, a mixing service on the Ethereum blockchain. The funds transferred add up to around 160 ETH, suggesting they made away with around $470,000
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