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Dao

All articles tagged with #dao

cryptocurrency2 years ago

Tornado Cash DAO Attacked, TORN Token Slumps.

Tornado Cash's TORN token has surged by 10% after an attacker submitted a proposal to reverse the malicious changes made during a recent attack on the DAO's governance state. The attacker is reverting the TORN tokens they gave themselves, which gave them a controlling share of the governance votes, back to zero. The proposal is expected to pass when voting closes on May 26, and the governance of Tornado Cash's DAO will go back to token holders. However, there are concerns that this might be a "gigatroll" to depress the token's price and increase the attacker's holdings at a discount.

via CoinDesk|
#cryptocurrency#dao#defi
cryptocurrency2 years ago

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.

via CoinDesk|
#cryptocurrency#dao#smart-contracts
cryptocurrency2 years ago

Binance's Legal Woes Threaten Bitcoin's Rise.

Despite the Commodity Futures Trading Commission's lawsuit against Binance, Bitcoin rose above $28,000, up 3.9% over the past 24 hours and outperforming other assets such as ether, stocks, and gold. Meanwhile, a decentralized autonomous organization called GoerliDAO is rallying to keep the Ethereum Goerli test network alive, which has been a proving ground for major upgrades such as the Merge. The DAO is using goerli ether (gETH) to incentivize activity on the network and preserve it as a canary network for future innovation and incentivization in the world of decentralized finance.

via CoinDesk|
#binance#bitcoin#cryptocurrency
business2 years ago

Blockbuster's Possible Comeback Sparks Fan Speculation

The Blockbuster website is active with a message saying "We are working on rewinding your movie," leading fans to speculate about a possible comeback. The company ceased most of its operations in 2014, but a decentralized autonomous organization (DAO) called Rewind was created in 2021 with the goal of acquiring Blockbuster from DISH. The DAO had 13 meetings with DISH about the acquisition, but it was shut down. The last remaining Blockbuster location in Bend, Oregon, is now an attraction that sells merchandise rather than renting movies.

via CBS News|
#blockbuster#business#comeback