To everyone’s amazement, the hacker unexpectedly contacted the Tornado Cash community with a fresh proposal to purportedly return governance power a few hours into the attack.
A hacker who took over Tornado Cash’s governance made a proposal to undo the hack, which elicited conflicting responses from the community. Concerns about possible losses and interruptions were raised by the attacker’s original malicious proposal, which gave them total authority over the decentralized crypto mixer’s governance.
Despite the fact that the suggestion suggests a potential fix, some community members are still wary and distrustful and wonder whether the attacker can be trusted. The episode brings to light the difficulties and complexities of decentralized governance as well as the need for thoughtful deliberation when handling such situations.
Community member Tornadosaurus-Hex took proactive measures by presenting a follow-up proposal to lessen the situation. The plan asks each member to remove their money from the governance system in an effort to reduce potential harm as shown below.
Attacker’s surprising proposal hints
Mr. Tornadosaurus Hex (Hex) expressed skepticism on the viability of a fresh proposal to retake control of Tornado Cash’s governance in light of the attacker’s control over the mixer. The attacker surprisingly came out to the Tornado Cash community with a proposition, signaling their willingness to regain governance power, much to the astonishment of many.
If the attacker’s proposition is accepted, it might enable the community to regain control, allaying worries and reestablishing trust. The community is still wary and skeptical about the attacker’s genuine motives, though, given the nature of the hack and the attacker’s prior behavior.
The developing situation poses a special dilemma for the Tornado Cash community, who must decide whether to accept the proposition and maybe reclaim power or to remain vigilant to preserve the platform’s integrity.
On the bright side, the crypto ecosystem has witnessed a sharp decline in the overall hacks in the first quarter of 2023