North Korean ties suspected in Indexed Finance treasury attack
On-chain sleuth ZachXBT says an alleged North Korean cybercriminal might be behind the attack against Indexed’s treasury. A cybercriminal allegedly associated with DPRK initiated a hostile proposal on Nov. 18, targeting the remnants of Indexed Finance. This defunct decentralized protocol for passive portfolio management on Ethereum (ETH) suffered a $16 million attack in 2021. Hi everyone, There's currently an ongoing hostile governance attack taking place against the remnants of the Indexed Finance treasury – 36K in DAI and approx. 48K in NDX before slippage. I never thought I'd have to post about Indexed governance again (it's been two years since… pic.twitter.com/mUUVMDnq4Q — laurence (@functi0nZer0) November 18, 2023 According to an Indexed Finance team member, Laurence Day, the hacker initiated a proposal seeking to get control over the protocol’s treasury, holding $36,000 in DAI and nearly $48,000 in NDX, a governance token for Indexed Fi...