Twister Money attacker to doubtlessly give again governance management, proposal reveals

An attacker who sparked community-wide panic by hijacking the Twister Money governance is now proposing to undo their hack — and whereas not everybody feels the hacker may be trusted, they apparently have little selection within the matter.

On Might 21, the passage of a malicious proposal allowed the attacker to achieve full management over Twister Money’s governance. With complete management over the governance of the decentralized crypto mixer, the attacker was ready to inflict large losses, contemplating they may withdraw all the locked votes, drain all the tokens within the governance contract and brick the router.

Whereas the story unfolded, group member Tornadosaurus-Hex or Mr. Tornadosaurus Hex, took proactive steps to reduce the potential damages by publishing a subsequent proposal requesting all members to withdraw all funds locked in governance, as proven beneath.

A Twister Money group member’s proposal for gaining management from the attacker. Supply: Twister Money boards

Nonetheless, Mr. Tornadosaurus Hex (Hex) was unsure concerning the effectiveness of the brand new proposal contemplating the attacker’s grip over the mixer’s governance. Just a few hours into the hack, to everybody’s shock, the attacker surprisingly reached out to the Twister Money group with a brand new proposal, hinting at their intent to present again the governance management.

The Twister Money attacker’s proposal. Supply: Twister Money boards

As proven above, Hex communicated the attacker’s plan to the group, stating that:

“The attacker posted a brand new proposal to revive the state of Governance. I feel that there’s a good likelihood he’s going to execute it.”

Hex additional identified that whereas the group has no different possibility aside from complying with the attacker’s chosen methodology of giving again the governance management, his due diligence with regard to verifying storage layouts checks out.

Mr. Tornadosaurus Hex confirmed the slot matching. Supply: Twister Money boards

Whereas many group members confirmed optimism towards the attacker’s supposed change of coronary heart, others speculate it was a transfer to pump the TORN token’s value earlier than cashing out.

Associated: Allbridge presents bounty to exploiter who stole $573K in flash mortgage assault

On the brilliant facet, the crypto ecosystem has witnessed a pointy decline within the general hacks within the first quarter of 2023.

Graph displaying hacks and exploits from Q1 2022 – Q1 2023. Supply: TRM Labs

Nonetheless, historical past means that crypto customers shouldn’t get complacent as 2022 witnessed a spike in crypto hacks quickly after recording a sluggish part.

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