Twister Money, a decentralized cryptocurrency mixing platform, was already having issues before a hacker submitted a false petition to seize control of the governance. At 3:25 PM ET on May 20, an attacker received 1.2 million votes for a false proposal. Because the proposal received over 700,000 valid votes, the attacker now has complete control over Twister Money’s governance.
@samczsun of research-driven technology funding company Paradigm revealed that the attacker claimed the phony application used a similar justification to at least one that had already been approved by the organization. But this time, the idea had a different goal in mind.
Serious Penalties
if a hacker seizes control of Twister Money’s governance completely. They may undo all locked votes, exhaust the token supply of the government contract, or even destroy the router. According to @samczsun, the attacker “merely withdrew 10,000 votes as TORN and bought all of it.”
This attack should serve as a reminder for cryptocurrency dealers to exercise greater caution. especially while looking over proposal descriptions and evaluating their justification. Tornadosaurus-Hex, also known as Mr. Tornadosaurus Hex, is a member of the Twister Money organization who has confirmed that any money locked in Governance is susceptible to theft and has asked that all members immediately remove all such funds.
In addition to the previously mentioned initiatives to persuade the organization to withdraw their contributions. They also attempted to build a contract that might reverse the changes.
To assist keep the protocol alive in the meantime, the organization is looking for Solidity programmers. The “crucial flaw” in Twister Money is allegedly being fixed by a former Twister Money developer who is building a brand-new crypto mixing service from scratch.
