Binance Helps Stop $1.2M Governance Attack in Under 48 Hours

Binance Stops $1.2 Million DAO Governance Attack

TLDR Binance detected a malicious DAO proposal with less than 48 hours left before it could execute. The attack targeted about $1.2 million in treasury tokens from an unnamed project. Binance worked with other exchanges to freeze deposits, and the project voted down the proposal. The case follows a similar attack on BonkDAO that led to a $20 million loss in July. Binance says it spends about $300 million a year on compliance and fraud preventio…

Binance Helps Stop $1.2M Governance Attack in Under 48 Hours

Binance said its monitoring team detected a malicious DAO proposal, warned the unnamed project and coordinated deposit closures with exchanges before a vote blocked access to roughly $1.2 million in treasury tokens. Binance Flags Proposal Before Vote Crypto exchange Binance shared on Aug. 18 that...