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Home Crypto News

COMP Down 6.7% after Supposed ‘Governance Attack’ on Compound DAO

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July 29, 2024
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COMP Down 6.7% after Supposed ‘Governance Attack’ on Compound DAO
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The group attack began weeks ago, in early May, with Proposal 118, which called for transferring 5% of COMP’s treasury to a multi-sig wallet controlled by the Golden Boys, which did not pass because community members highlighted suspicious circumstances around its introduction.

Tags: AttackCOMPCompoundDAOgovernanceSupposed
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