{"id":12277,"date":"2023-05-22T18:06:14","date_gmt":"2023-05-22T22:06:14","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/torn-price-gets-lift-after-tornado-cash-attacker-proposes-to-reverse-governance-attack\/"},"modified":"2023-05-22T18:06:15","modified_gmt":"2023-05-22T22:06:15","slug":"torn-price-gets-lift-after-tornado-cash-attacker-proposes-to-reverse-governance-attack","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12277","title":{"rendered":"TORN Price gets Lift After Tornado Cash Attacker Proposes to Reverse Governance Attack"},"content":{"rendered":"
\n

The price of crypto mixer Tornado Cash\u2019s governance token TORN saw a strong recovery after the hackers behind a recent attack on the protocol appeared to offer to reverse the attack.<\/p>\n

According to a post published in Tornado Cash\u2019s governance forum by a user named Tornadosaurus-Hex, the attacker has posted \u201ca new proposal to restore the state of Governance\u201d on Tornado Cash.<\/p>\n

\u201cI think that there is a good chance he\u2019s going to execute it,\u201d the user added in the post, where he also shared a link to the original on-chain proposal by the alleged attacker.<\/p>\n

The revelation that the attacker may be planning to restore the protocol back to its state from before the attack sent the price of Tornado Cash\u2019s governance token TORN up from a Sunday low of $3.49 to $4.72 at the time of writing on Monday.<\/p>\n

Despite the strong recovery from the low, however, TORN\u2019s price remains down by around 36% from the high of $7.40 seen just before the attack took place on May 20.<\/p>\n

Tornado Cash was attacked by an unidentified attacker or group of attackers on May 20.<\/p>\n

The attacker(s) effectively took control of the decentralized autonomous organization (DAO) managing the operations and funds of Tornado Cash by floating a malicious proposal that concealed a code function granting them fake votes within the DAO.<\/p>\n

With these votes, they gained control over aspects such as TORN tokens held in the governance contract.<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of crypto mixer Tornado Cash\u2019s governance token TORN saw a strong recovery after the hackers behind a recent attack on the protocol appeared to offer to reverse the attack. According to a post published in Tornado Cash\u2019s governance forum by a user named Tornadosaurus-Hex, the attacker has posted \u201ca new proposal to restore […]<\/p>\n","protected":false},"author":1,"featured_media":12278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-12277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nTORN Price gets Lift After Tornado Cash Attacker Proposes to Reverse Governance Attack | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The price of crypto mixer Tornado Cash\u2019s governance token TORN saw a strong recovery after the hackers behind a recent attack on the protocol appeared to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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