The value of crypto mixer Twister Money’s governance token TORN noticed a powerful restoration after the hackers behind a recent attack on the protocol appeared to supply to reverse the assault.
Based on a post revealed in Twister Money’s governance discussion board by a person named Tornadosaurus-Hex, the attacker has posted “a brand new proposal to revive the state of Governance” on Twister Money.
“I believe that there’s a good likelihood he’s going to execute it,” the person added within the publish, the place he additionally shared a hyperlink to the unique on-chain proposal by the alleged attacker.
The revelation that the attacker could also be planning to revive the protocol again to its state from earlier than the assault despatched the value of Twister Money’s governance token TORN up from a Sunday low of $3.49 to $4.72 on the time of writing on Monday.
Regardless of the sturdy restoration from the low, nonetheless, TORN’s value stays down by round 36% from the excessive of $7.40 seen simply earlier than the assault befell on Could 20.
Twister Money was attacked by an unidentified attacker or group of attackers on Could 20.
The attacker(s) successfully took management of the decentralized autonomous group (DAO) managing the operations and funds of Twister Money by floating a malicious proposal that hid a code perform granting them pretend votes throughout the DAO.
With these votes, they gained management over features corresponding to TORN tokens held within the governance contract.