Cybersecurity
Sanctioned Crypto Mixer Tornado Cash Hijacked by Hackers
- Malicious governance proposal was used to take over protocol
- Service’s native token TORN tumbled in wake of the incident
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Tornado Cash, a service that allows users to mask cryptocurrency transactions, suffered a hostile takeover by hackers through a malicious governance proposal.
Samczsun, a security researcher at crypto investment firm Paradigm, said on Twitter that an attacker granted themselves 1.2 million fake votes on Saturday. As the fake votes exceeded the 700,000 legitimate votes, it allowed the attacker to gain full control over the governance of Tornado Cash.