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ID:

build-finance-81

Date:

Status:

Incident Count:

February 14, 2022

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

470,000

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Recovered:

-

Rewards:

Currency:

USD. METRIC, BUILD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Assets

Poor Governance

Extended Method:

Hostile governance takeover

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Days in Operation:

743

(2.04 Years)

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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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