CryptoMediaClub
Monday, October 6, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Tornado Cash attacker to potentially give back governance control, proposal reveals

22.05.2023
A A
0
126
VIEWS
ShareShare

An attacker who sparked community-wide panic by hijacking the Tornado Cash governance is now proposing to undo their hack — and while not everyone feels the hacker can be trusted, they apparently have little choice in the matter.

On May 21, the passage of a malicious proposal allowed the attacker to gain complete control over Tornado Cash’s governance. With total control over the governance of the decentralized crypto mixer, the attacker was in a position to inflict massive losses, considering they could withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router.

While the story unfolded, community member Tornadosaurus-Hex or Mr. Tornadosaurus Hex, took proactive steps to minimize the potential damages by publishing a subsequent proposal requesting all members to withdraw all funds locked in governance, as shown below.

A Tornado Cash community member’s proposal for gaining control from the attacker. Source: Tornado Cash forums

However, Mr. Tornadosaurus Hex (Hex) was uncertain about the effectiveness of the new proposal considering the attacker’s grip over the mixer’s governance. A few hours into the hack, to everyone’s surprise, the attacker surprisingly reached out to the Tornado Cash community with a new proposal, hinting at their intent to give back the governance control.

The Tornado Cash attacker’s proposal. Source: Tornado Cash forums

As shown above, Hex communicated the attacker’s plan to the community, stating that:

“The attacker posted a new proposal to restore the state of Governance. I think that there is a good chance he’s going to execute it.”

Hex further pointed out that while the community has no other option other than complying with the attacker’s chosen method of giving back the governance control, his due diligence with regard to verifying storage layouts checks out.

Mr. Tornadosaurus Hex confirmed the slot matching. Source: Tornado Cash forums

While many community members showed optimism toward the attacker’s supposed change of heart, others speculate it was a move to pump the TORN token’s price before cashing out.

Related: Allbridge offers bounty to exploiter who stole $573K in flash loan attack

On the bright side, the crypto ecosystem has witnessed a sharp decline in the overall hacks in the first quarter of 2023.

Graph showing hacks and exploits from Q1 2022 – Q1 2023. Source: TRM Labs

However, history suggests that crypto users shouldn’t get complacent as 2022 witnessed a spike in crypto hacks soon after recording a slow phase.

Magazine: ‘Moral responsibility’: Can blockchain really improve trust in AI?

Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post
U.S Authorities Charge Russian National for $200M Ransomware Exploits

U.S Authorities Charge Russian National for $200M Ransomware Exploits

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Solana Price Prediction: Why Slowing Network Growth Could Limit SOL’s Bullish Potential in the Short Term

Solana Price Prediction: Why Slowing Network Growth Could Limit SOL’s Bullish Potential in the Short Term

21 hours ago
Bitcoin Became First Cryptocurrency to Debut on Las Vegas Sphere, Beating Dogwifhat

Bitcoin Became First Cryptocurrency to Debut on Las Vegas Sphere, Beating Dogwifhat

1 year ago
BIS Calls for Regulation of Metaverse Developments

BIS Calls for Regulation of Metaverse Developments

2 years ago
Indonesian VP Candidate Supports Blockchain And Crypto Talent Development

Indonesian VP Candidate Supports Blockchain And Crypto Talent Development

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Morgan Stanley Wealth Unit Advises 2% to 4% Crypto Allocation In Portfolios

Russian Central Bank to Launch ‘Large-scale Audit of Nation’s Crypto Holdings’

US Government Shutdown Crisis: Financial Market Turmoil Intensifies, But Investors Flock to H Mining

Trending

Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL
All news

Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

06.10.2025
0

Grayscale has launched the first US-listed spot crypto ETFs that allow staking for their Ethereum products, the...

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

06.10.2025
Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

06.10.2025
From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

06.10.2025
Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

06.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz