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Tornado Cash Attacker May Return Governance Control, According To Proposal

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Shortly after the hack, the attacker surprisingly contacted the Tornado Cash community with a proposal to return governance control.

The attacker, who caused panic among the community by taking control of Tornado Cash governance, is now suggesting reversing their hack. While some people doubt the attacker’s trustworthiness, it seems that the community has limited options in this situation.

On May 21, a harmful proposal was approved, granting the attacker full control over Tornado Cash’s governance. This meant the attacker had the ability to cause significant losses, as they could withdraw locked votes, drain tokens from the governance contract, and disable the system.

As the events unfolded, a community member named Tornadosaurus-Hex or Mr. Tornadosaurus Hex took proactive measures to reduce potential damages. They published a proposal requesting all members to withdraw their funds locked in governance.

 

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

However, Mr. Tornadosaurus Hex (Hex) had doubts about the new proposal’s effectiveness, given the attacker’s control over the mixer’s governance. To everyone’s surprise, a few hours after the hack, the attacker unexpectedly contacted the Tornado Cash community with a new proposal, indicating their intention to return the governance control.

Also Read This: Related: Malevolent Attacker Seizes Control of Tornado Cash’s Governance by Means of a Nefarious Proposal

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As mentioned earlier, Hex informed the community about the attacker’s plan, mentioning, “The attacker has posted a new proposal to restore the Governance state. I believe there is a high possibility that they will follow through with it.”

Hex also emphasized that the community has no choice but to comply with the attacker’s method of returning governance control. However, Hex assured that they have carefully examined and confirmed the accuracy of the storage layouts involved.

 

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

While some community members were hopeful about the attacker’s apparent change of intentions, others speculated that it might be a strategy to increase the price of the TORN token before selling their holdings.

Fortunately, the crypto ecosystem experienced a significant decrease in hacks during the first quarter of 2023.

 

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

However, it is important for crypto users to remain cautious because historical data shows that after a period of relative calm, there was an increase in crypto hacks in 2022.

 

Author

  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

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