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Detail Analysis

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Date:

Status:

Count:

Contributor:

February 14, 2022

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Verified

1

zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

470,000

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Recovered Amount:

-

Currency:

Dollars. METRIC, BUILD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Protocol

Assets

Poor Governance

Extended Method:

Hostile governance takeover

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Build Finance DAO suffered a "hostile governance takeover" over the last few days and has lost around $470,000 in funds, according to an announcement today. Over the last few days, an unknown person managed to use a large supply of tokens to vote through a proposal that gave them full control over the DAO’s treasury and its ability to mint tokens. Since then, the perpetrator has sent a significant amount of funds to Tornado Cash, a mixing service on the Ethereum blockchain. The funds transferred add up to around 160 ETH, suggesting they made away with around $470,000

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.