Tornado Cash DAO Hacked, Token Value Drops 40%.

The DAO managing Tornado Cash was taken over by an unknown attacker who used a malicious proposal to gain fake votes and access to governance votes. The attacker withdrew 10,000 TORN tokens and sold them, causing TORN prices to drop by 40%. The attack did not affect the Tornado Cash protocol itself. The community is proposing solutions such as reverting changes made to the code or creating a new contract and airdropping new tokens to holders.