Hacker receives 18 million $AUDIO tokens (worth $5.9 million) as the community approves malicious governance proposal.
While the hacker’s governance proposal drained out 18 million tokens worth nearly $6 million from the treasury, it was soon dumped and sold for $1.08 million. While the dumping resulted in maximum slippage, investors recommended an immediate buyback to prevent existing investors from dumping and further lowering the token’s floor price.
Investors are yet to get clarity on the stolen funds as one investor asked, “They hacked the community fund right? The team's fund is separate correct?” While a post-mortem report is underway, Audius has not yet responded to Cointelegraph’s request for comment.Bored Ape Yacht Club creator Yuga Labs issued its second warning about an expected “coordinated attack” on its social media accounts.
Our security team has been tracking a persistent threat group that targets the NFT community. We believe that they may soon be launching a coordinated attack targeting multiple communities via compromised social media accounts. Please be vigilant and stay safe.
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