TornadoCash Hacker Proposes Governance Restoration

Introduction

A recent development in the cryptocurrency sphere has caught the attention of many. The TornadoCash hacker, who previously exploited the DAO's governance system, has put forth a proposal intended to restore its functionality. This move has sparked caution and skepticism within the crypto community.

The Proposal

On May 22, a new proposal was deployed by the hacker, targeting the restoration of TornadoCash's governance state. The proposal has gathered over 500,000 votes in favor, with results expected by May 26, 2023. Despite this, the community remains divided on its intentions.

Community Concerns

There is significant wariness surrounding the proposal. Some speculate it might be a strategy for the hacker to inflate TORN token prices before selling off more tokens. Others suggest it could be a lesson in governance security or a form of trolling. Regardless, the stakes are high as this proposal could impact the protocol's future.

Previous Attacks

The TornadoCash governance was previously compromised on May 20 by a malicious proposal. This proposal granted the attacker control over 1.2 million votes, overshadowing the 700,000 legitimate votes within the DAO. Following this, the hacker acquired 483,000 TORN, converting a large portion to Ethereum, netting around $650,000. An extra function slipped into the proposal allowed the attacker to manipulate the voting process.

Conclusion

The future of TornadoCash's governance hangs in the balance with this new proposal. While it promises potential restoration, the community remains on high alert for any underlying motives. As the situation unfolds, the implications for DAO governance and security continue to be closely monitored.