An unknown person who attacked the Tornado Cash mixer has published a proposal, the implementation of which will potentially return control over the decentralized autonomous organization (DAO) project.
“The attacker has posted a new proposal to restore the control state. I think there is a good chance that he will perform it, ”commented user Tornadosaurus-Hex on the community forum.
According to him, the proposal is not “malicious” and involves the removal of malicious code that allowed an unknown person to seize control of the mixer.
A community member under the pseudonym 0xdeadf4ce expressed doubts about the sincerity of the attacker’s intentions. In his opinion, his actions may be an attempt to gain confidence and raise the collapsed price of the TORN governance token.
“Either he is trolling, or this will be an expensive, though not disastrous, lesson in control safety,” 0xdeadf4ce said.
TornadoCash attacker deployed new proposal that, if executed, would seemingly revert the damage done to the Governance functionality. Either they’re giga trolling or it will end up being an expensive but not disastrous lesson in Governance security.https://t.co/QMWYFsi8kP
— 0xdeadf4ce (@0xdface) May 21, 2023
He agreed with Tornadosaurus-Hex that the community has no chance of influencing the outcome of the vote.
According to EmberCN, the attacker withdrew 483,000 TORN from the Tornado Governance vault in total. Of that amount, he sold 379,300 TORN for 375 ETH ($0.68 million) at an average price of $1.8.
483,000 $TORN 。目前转移情况：
6,000 TORN #bitrue；
379,300 TORN 375 $ETH($0.68M)，卖出均价 $1.8；
还有 97,700 TORN 尚未抛售/转出。攻击龙卷风获得 TORN→抛售换得 ETH →再用龙卷风混币洗出。骚😂
推文由 @LionDEX_CN 赞助 pic.twitter.com/x6zFXXcyAq
— 余烬 (@EmberCN) May 21, 2023
Against the backdrop of the attack, TORN quotes collapsed to $3.6 from levels above $6 (CoinGecko). The price of the asset recovered to around $4.8, adding about 10% after the management proposal was made.
The largest cryptocurrency exchange Binance after the attack on Tornado Cash suspended accepting deposits in TORN, according to Colin Wu.
Justin Sun, in contrast, stated that Huobi and Poloniex are continuing to operate the asset as normal, but are “closely monitoring the situation.”
Please be informed that deposits and withdrawals of $TORN @tornado_cash remain active on @HuobiGlobal and @Poloniex. We’re closely monitoring the situation and may adjust our policy as required to ensure secure. We appreciate your understanding and support.
— HE Justin Sun 孙宇晨 (@justinsuntron) May 21, 2023
Recall that in November 2022, the US Treasury Department’s Office of Foreign Assets Control updated sanctions against Tornado Cash, citing its role in financing North Korea’s nuclear program.
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