Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Tornado Cash Attacker Submits Proposal to Undo the Attack; Community Remains Skeptical

    Tornado Cash Attacker Submits Proposal to Undo the Attack; Community Remains Skeptical

    0
    By Atiq Ur Rehman on May 22, 2023 DeFi News, News
    Tornado Cash Attacker Submits Proposal to Undo the Attack; Community Remains Skeptical
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The decentralized cryptocurrency mixer dApp, Tornado Cash, was hijacked in past Saturday, yet now the attacker who did it has submitted a proposal to undo the attack to give the protocol’s governance back to TORN holders. However, many in the community are skeptical about the attacker’s intentions.

    According to a post on the Tornado Cash community forum by pseudonymous user Tornadosaurus-Hex, the attacker linked to the Tornado Cash’s governance attack has shown a willingness to reverse the malicious changes that allowed him to steal the voting power of protocol’s native TORN holders.

    Tornado Cash Governance Attack

    According to Samczsun of research-driven technology investment firm Paradigm, on Saturday, May 20th, the attacker posted a malicious proposal on Tornado Cash. Through a malicious function, the attacker was able to grant 1.2 million votes to the proposal. The attacker gained total control over Tornado Cash governance because the proposal received more than 700,000 legitimate votes.

    As Samczsun explained, the attacker claimed that the proposal used a logic similar to that the community had previously passed. “However, that wasn’t exactly the truth because they added an extra function,” Samczsun added. Instead:

    “Once the proposal was passed by voters, the attacker simply used the emergency Stop function to update the proposal logic to grant themselves the fake votes.”

    This gave the perpetrator complete control over Tornado Cash, allowing him to withdraw all of the locked votes, drain all of the tokens in the governance contract, and brick the router. According to Wu Blockchain, the Tornado Cash attacker obtained a total of 483,000 TORN from the Tornado Cash governance vault.

    The Tornado Cash attacker obtained a total of 483,000 TORN from the Tornado Cash governance vault, and has deposited 6,000 TORN into Bitrue; sold 379,300 TORN on the chain and exchanged it for 375 ETH (about 680,000 U.S. dollars). The price is US$1.8; there are still 97,700 TORNs…

    — Wu Blockchain (@WuBlockchain) May 21, 2023

    Per the user Tornadosaurus-Hex, the attacker is ready to undo the attack. “I think that there is a good chance he’s going to execute it,” he added. The proposal has now been the subject of voting until May 26th. If passed, the malicious code integrated into the protocol will be removed, and Tornado Cash’s governance will go back to token holders. But many in the community do not agree that it’s a benevolent plan.

    Tornado Cash Governance Attack

    As a result, TORN was up as much as 10% before settling back down to nearly 6% in the last 24 hours. Therefore, many in TORN community believe that the attacker is trying to pump the price before selling the tokens.

    A community member, 0xdeadf4ce, pointed out that this might all be a “gigatroll” to depress the token’s price to increase their holdings at a discount.

    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 wrote:

    “This might just be an attempt to spark confidence and pump the price as others have rightfully noted. Don’t gamble on a recovery for your own sanity.”

    The proposal has received 517K votes in favor as of his tweet. The final decision regarding the proposal will be announced after the closing of voting on Friday, May 26th.

    DeFi Featured Tornado Cash
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Atiq Ur Rehman
    • X (Twitter)
    • LinkedIn

    Atiq is a Electronics Engineer with a passion for writing about disruptive technologies, including blockchain. With a deep understanding of the technical aspects of emerging technologies and their potential to transform industries, this author brings a unique perspective to the world of cryptocurrency and blockchain.

    Related Posts

    Hyperliquid’s USDH stablecoin call sparks fairness and governance debate

    September 5, 20253 Mins Read

    SharpLink to explore staking part of its $3.6 billion ETH treasury on Linea

    September 5, 20253 Mins Read

    Strategy Inc.’s path to the S&P 500 faces committee discretion, extreme volatility, and Bitcoin-dependent results

    September 5, 20253 Mins Read

    Coinbase accelerates toward a majority of AI-generated code amid a global trend

    September 5, 20253 Mins Read

    World Liberty Financial Blocks Justin Sun’s Wallet Amid WLFI Controversy

    September 5, 20253 Mins Read

    SEC bets on a pro-crypto agenda with a series of rulemakings on digital assets

    September 5, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.