After the DAO of Ethereum (ETH) mixer Tornado Cash was hacked worth hundreds of thousands of dollars, the attacker offered to fix the system.
Tornado Cash’s decentralized autonomous organization (DAO) the attacker who took control that we can fix everything The offer attracted attention. If the offer is accepted, the attacker has integrated into the protocol. malicious code will be removed and DAO management TORN will be returned to their owners.
The incident that is the subject of the news is an attacker or a group of attackers, Tornado Cash. to your DAO It started with an offer. Offer apparently with previous upgrade similar features contained a small team updates covered.
But your job will actually help the attacker take control behind this offer. a malicious software was hidden. The attacker who took control of the DAO in this way, after selling a certain amount of TORN, strangely with an offer to fix everything is back.
What happened?
Once the proposal is approved by the DAO and activated on the network, the attacker, who takes control, can do this with an extra vote that gives him a voice in decisions. Trojan software thanks to it.
With this malware, the attacker, who has seriously seized the voting power on the DAO, can use this function after the upgrade is completed and give himself extra money. 1.2 million votes and exercised effective control over the entire management system. In this way, the total used in the voting 483 thousand TORNstook over and on TORN 45%It caused a near decline.
First captured 10 thousand TORNu $25,600 sold against it. This anonymous person, who then took control of more TORN, 6,000 TORN‘s crypto exchange to Bitrue he laid. In addition 379,000 TORNif it’s $680,000 He sold it for ETH worth. Attacker 100,000 TORN continued to hold assets in its vicinity.
Meanwhile BinanceTORN deposits and withdrawals after the attack suspended you received explained. On the other hand, the cryptocurrency exchange HuobiHe stated that the transactions will continue.
A new attack plan or was it all price manipulation?
On the other hand, the statement from the attacker shortly after these sales transactions suspicion aroused. Attacker or attackers based on content shared on a form belonging to the Tornado community restore everything and stolen assets pay back announced what he wanted.
Whether the payment can be made comprehensively given that some of the stolen assets have already been sold the uncertainty protecting. Some community members may also like this “cashback” offer. damaging And misleading He claimed it might involve a situation. Some market analysts argue that this attack to lower the price claimed that it was organized and that the attacker received a significant amount of TORN at a low price.
According to CoinGecko data, the impact of the attack 45% TORN, which is in decline, $6.96 from the level for $3.69 as much as it declined. TORN, at the time of writing at $4.5 is being traded.