03-16-2021, 03:16 AM
Hacker hijacked DAO governance, printed himself 11.8 Billion tokens and sold all of
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/m54w0t/hacker_hijacked_dao_governance_printed_himself/"> <img src="https://b.thumbs.redditmedia.com/_-amMdwf2p3r0KLKnV264slDD57u4KNR_g88_LzpPJM.jpg" alt="Hacker hijacked DAO governance, printed himself 11.8 Billion tokens and sold all of it, crashing the price of TrueSeigniorageDollar to zero." title="Hacker hijacked DAO governance, printed himself 11.8 Billion tokens and sold all of it, crashing the price of TrueSeigniorageDollar to zero." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>In the latest DeFi attack, a hacker slowly bought enough stake (33%) to control True Seigniorage Dollar's DAO voting process, thus hijacking the DAO. Then proposed a new implementation in the code and using his own stake, passed the changes and when implementing it, he inserted a malicious code to print himself 11.8 billion of TSD coins and then immediately dumped all of it on pancake swap. Thus the price of the project went to zero instantly.</p> <p>​</p> <p><a href="https://preview.redd.it/zp9emfrgd2n61.jpg?width=1176&format=pjpg&auto=webp&s=1434d4cb5e16a34cdc1c28704ec287b330672292">Team's response: \"We're sad, but thats how DAO works.\" Lol</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DetroitMotorShow"> /u/DetroitMotorShow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m54w0t/hacker_hijacked_dao_governance_printed_himself/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m54w0t/hacker_hijacked_dao_governance_printed_himself/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/m54w0t/hacker_hijacked_dao_governance_printed_himself/"> <img src="https://b.thumbs.redditmedia.com/_-amMdwf2p3r0KLKnV264slDD57u4KNR_g88_LzpPJM.jpg" alt="Hacker hijacked DAO governance, printed himself 11.8 Billion tokens and sold all of it, crashing the price of TrueSeigniorageDollar to zero." title="Hacker hijacked DAO governance, printed himself 11.8 Billion tokens and sold all of it, crashing the price of TrueSeigniorageDollar to zero." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>In the latest DeFi attack, a hacker slowly bought enough stake (33%) to control True Seigniorage Dollar's DAO voting process, thus hijacking the DAO. Then proposed a new implementation in the code and using his own stake, passed the changes and when implementing it, he inserted a malicious code to print himself 11.8 billion of TSD coins and then immediately dumped all of it on pancake swap. Thus the price of the project went to zero instantly.</p> <p>​</p> <p><a href="https://preview.redd.it/zp9emfrgd2n61.jpg?width=1176&format=pjpg&auto=webp&s=1434d4cb5e16a34cdc1c28704ec287b330672292">Team's response: \"We're sad, but thats how DAO works.\" Lol</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DetroitMotorShow"> /u/DetroitMotorShow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m54w0t/hacker_hijacked_dao_governance_printed_himself/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/m54w0t/hacker_hijacked_dao_governance_printed_himself/">[comments]</a></span> </td></tr></table>Kind Regards R