Yam Finance thwarts governance attack aimed at hijacking its treasury

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

The attack tried to take control of a Yam Finance treasury that holds more than $3 million worth of crypto via a malicious governance proposal.

issued by Yam DAO, the attack was launched on July 7, but detected two days later. The attacker submitted a governance proposal via internal transactions, making it difficult for community members to notice.

This malicious governance proposal included an unverified contract designed to transfer control of Yam’s reserves to a wallet address controlled by the attacker. The rogue actor was initially able to achieve a quorum for the proposal that was in danger of being passed before it was stopped by the Yam Finance team.

If the attack had succeeded, it would have been able to drain the Yam Finance treasury, which currently holds $3.1 million worth of crypto assets, according toSaturday’s attack came amid another governance tussle within the Yam ecosystem, also related to the project’s treasury. The issue was another disputed governance vote — this time, a snapshotWhile the initial snapshot vote passed with more than a 54% majority, there are now calls for the process to be redone.

a new proposal for a re-vote, claiming that the original process did not go through the usual governance procedures.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 464. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country – Finance Bitcoin NewsThe Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins, according to a high-ranking official. RubyPlayNetwork A Mobile and PC gaming platform that allows players earn $RUBY tokens as loyalty reward. You earn when you play games on their website guys. Don’t stop earning keep playing BSC BSCGems altcoins PlayToEarn P2E ach $ach ⚡️looks ready for a nice splash burnlunc
แหล่ง: BTCTN - 🏆 531. / 51 อ่านเพิ่มเติม »

How Technology and Finance are Changing in Today’s World? | HackerNoonTechnology and finance provide news, analysis, and insights on various business-related topics, including finance, upcoming global situations, and scopes.
แหล่ง: hackernoon - 🏆 532. / 51 อ่านเพิ่มเติม »