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Just a day after the Tornado Cash control hack caused panic among the entire community, a new proposal has surfaced hinting at a possible restoration of the control state.
On May 21, the transmission of a malicious offer allowed the attacker to gain complete control over the management of Tornado Cash. With full control over the management of a decentralized cryptocurrency mixer, an attacker could inflict huge losses, given that he could withdraw all blocked votes, drain all tokens in the management contract, and block the router.
While the story was unfolding, Tornadosaurus-Hex community member or Mr. Tornadosaurus Hex took proactive steps to minimize the potential damage by posting a follow-up proposal asking all members to withdraw all funds locked in management as shown below.
However, Mr. Tornadosaurus Hex (Hex) was unsure of the effectiveness of the new proposal, given the attacker’s control of the mixer. Hours later, to everyone’s surprise, the attacker suddenly approached the Tornado Cash community with a new proposal, hinting at their intent to regain control of the controls.
As shown above, Hex informed the community of the attacker’s plan, stating that:
“The attacker posted a new proposal to restore the control state. I think there’s a good chance he’ll do it.”
Hex also pointed out that while the community has no choice but to submit to the attacker’s chosen method of reclaiming control of control, their due diligence regarding storage schema validation is being validated.
While many members of the community have expressed optimism about the attacker’s alleged change of heart, others speculate that it was a move to increase the price of the TORN token before cashing out.
Related: Allbridge offers reward to exploiter who stole $573k in flash loan attack
On the other hand, the cryptocurrency ecosystem has witnessed a sharp decline in the total number of hacks in the first quarter of 2023.
However, history shows that cryptocurrency users should not be complacent as 2022 saw a surge in cryptocurrency hacks shortly after the slow phase was recorded.