Build Finance DeFi exhausted by ‘hostile takeover’, $0.5M goes to Tornado
Build Finance DAO’s main contract is controlled by a culprit; loot is on its way to Tornado Cash
Build Finance, a decentralized autonomous organization (DAO), has fallen victim to a hostile takeover by one of its members, Suho.eth.
Build Finance Attacker Gets $0.5M, Money Sent To Tornado Cash Mixer
According to Peckshield’s announcement, a culprit who emptied the treasury and liquidity pools began sending Ethers (ETH) into the Tornado Cash mixer mechanism.
— PeckShieldAlert (@PeckShieldAlert) February 15, 2022
The attack came as a result of a “hostile takeover of governance,” as the team explained in an autopsy. Suho.eth wallet has submitted a series of proposals that will allow it to create new BUILD tokens.
He/she has been given sufficient voting rights to implement the proposals. As a result, the attacker hit a billion BUILD and pulled 130,000 METRIC tokens from the protocol’s liquidity pools.
Unfortunately, the attacker turned down offers from the Build Finance (BUILD) team:
Team members have made direct contact with the attacker, but there seems to be no need for any dialogue, let alone reparations.
Another day, another DeFi attack
To avoid additional losses, representatives of Build Finance advised users not to buy BUILD tokens, which are available on veteran decentralized exchanges KyberSwap and HotBit CEX.
Crypto markets witnessed a series of brutal attacks and “back pulls” in February 2022. As previously discussed by U.Today yesterday, February 14, 2022, the Titano Finance (TITANO) DeFi protocol was robust by its own team.
In total, $1,900,000 was stolen by attackers from Titano PLAY, a core element of Titano Finance’s smart contracts architecture.