🚨🚨🚨Security Alert: TOP Governance Takeover
TOP suffered a governance-takeover exploit, resulting in the theft of `944.2 WETH` valued at `~$1.585M`.
🔍 Root Cause
The incident stemmed from an Aragon DAO misconfiguration on TOP. With a total supply of only `16,384 TOP`, the attacker controlled `8,192.000001 TOP` and used the Aragon Voting app to `create`, `vote`, and `execute` a proposal in a single transaction with no timelock. The proposal invoked `https://t.co/efNJqmubal`, which reached `MiniMeToken.generateTokens` to mint `10,000,000,000 TOP` to the attacker-controlled contract, which was then swapped into WETH through the Balancer V1 `TOP/WETH` BPool.
🧾 On-chain Details
• Exploiter EOA:
`0xff8eF7bC455a57e5893232203052Ce0232b39Fa2`
• Exploit contract:
`0x25c68C44A96518294f5B47D758f98309c6729A21`
• TOP token:
`0x0EBD5eC91680d3B0CEDbb1d5BB61851154D3eDb6`
• Attack txs:
`0x967aa34c69b7775c718545c7f94d92e965eb5fc553c0f27f6f1a9c65c93ac156`
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katana believes in defi so deeply that the chain’s token is itself a defi token.
with @aragonproject, we’re announcing the vKAT armory.
a system where KAT holders can lock, vote, and direct the flow of incentives across the chain
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Finally, private voting onchain.
Something we all take for granted IRL and table stakes for good decision making.
I keep saying it: we aren't going to stop changing this industry and world for the better, no matter how much friction we run into.
Reach out if you want to learn more! Thanks to @zkMACI for their hard work!
We’ve made a huge effort to change the existing paradigm against strong headwinds, but we’re getting there!
@AragonProject roadmap based on @VitalikButerin 3 suggestions below:
“Multi-level structures” ✅
Privacy with @zkMACI ⏳
AI ⏳
For multi-level structures you can already, no-code, deploy a DAO with multiple governing bodies, governing different permissions, in different processes and stages.
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