Indexed Finance Thwarts Two Hijacking Attempts, Returns DAO Control to Founders for Victim Compensation
Indexed Finance, which suffered a $16 million hack in 2021, has successfully prevented two hijacking attempts on its remaining treasury. The DAO control will be returned to its founders, who plan to allocate the remaining funds to victims of the 2021 hack. The Indexed community mobilized against the attackers' proposals, with a 'poison pill' proposal approved to deter future attacks. The remaining treasury will now be used to compensate victims of the hack, with DAO control returning to a multisig controlled by the founders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HeLa Space Revolutionizes On-Chain Asset Management in Partnership with Aspis Protocol
Analyst Predicts Major Altcoin Surge After Bitcoin’s Post-Halving Cycle
Oklahoma proposes legislation to allow state workers and vendors to be paid in Bitcoin
Share link:In this post: Oklahoma Senator Dusty Deever has proposed the Bitcoin Freedom Act bill. The bill seeks to shield Oklahomans’ wages from inflation. Other states, such as Louisiana and Detroit, use cryptocurrency for government services.
FTX bankruptcy managers accused of spending funds on luxury hotels, travel as creditors file legal action
FTX creditor calls for tighter review of extravagant $2,600 taxi spending by bankruptcy managers.
Trending news
MoreCrypto prices
More
