Crypto Mixer Tornado Cash Hit by Governance Attack Resulting in 35% Price Drop and Exchange Suspensions

05/21 07:30

Tornado Cash, a crypto mixer, experienced a governance attack where attackers gained 1.2 million votes through a malicious proposal, surpassing the legitimate 700,000 votes. The attackers withdrew TORN from the governance vault, causing a 35% drop in TORN price to a low of $3.7 in 24 hours. Some exchanges have suspended TORN deposits as a precautionary measure, while others continue to allow deposits and withdrawals. Tornado Cash has advised users to withdraw their funds locked in governance as they investigate the issue and propose to reverse the changes made by the attackers. 
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