Indexed Finance Thwarts Two Hijacking Attempts, Returns DAO Control to Founders for Victim Compensation
Indexed Finance, which suffered a $16 million hack in 2021, has successfully prevented two hijacking attempts on its remaining treasury. The DAO control will be returned to its founders, who plan to allocate the remaining funds to victims of the 2021 hack. The Indexed community mobilized against the attackers' proposals, with a 'poison pill' proposal approved to deter future attacks. The remaining treasury will now be used to compensate victims of the hack, with DAO control returning to a multisig controlled by the founders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Justin Sun Highlights the Promising Future of JST Token Through JustLend
In Brief Justin Sun sees great potential for JST tokens through JustLend's growth. Buyback and token burn strategies aim to enhance JST's market value. Investors are advised to analyze TRON's evolving landscape cautiously.
The Melania team used a fixed investment strategy to sell 3.19 million MELANIA
Matrixport: New capital inflows indicate that Bitcoin is expected to break through $100,000
Bitcoin's 10% Surge Sparks Optimism for SUI, AVAX, TRUMP, and TAO
Trending news
MoreCrypto prices
More
