Key Highlights:
Tornado Cash hit by exploit, user funds in the eye of the storm.
Tornado Cash reels from code exploit, considers rollback for safety.
Yello Paradisers! In a twist that’s got the crypto world spinning, Tornado Cash, the popular token mixer, has reportedly been sucked into a whirlwind of trouble due to a backend exploit. According to a Medium post by the eagle-eyed community member Gas404, it seems like there’s a storm brewing, and it’s raining on users’ parades by putting their deposits and data at risk.
The Eye of the Storm: Malicious Code Unleashed
The chaos unfurled from a seemingly innocent governance proposal, dating back two months, by someone claiming to be a Tornado Cash developer. This sneaky script, hidden like a wolf in sheep’s clothing, has been redirecting deposit data to a not-so-secret-anymore server. The exploit’s not just peeking at data; it’s got sticky fingers, already snagging one deposit straight from under the users’ noses, as spotted on etherscan.
Aftermath: Tornado Cash in a Tailspin
Since the U.S. Treasury’s OFAC put Tornado Cash on its naughty list in August 2022, the platform’s trading volume has taken a nosedive, plummeting over 90%. It’s like the crypto community decided to take their toys and play elsewhere.
The Cleanup Crew: Reverting to Safer Grounds
Gas404 isn’t just standing by watching the tornado wreak havoc. They’ve whipped up a proposal faster than you can say “back to the future,” suggesting Tornado Cash should turn back time and revert to a previous version of its IPFS deployment. It’s like saying, “Let’s go back to the good old days,” but with better security and less backstabbing code.
In the dynamic world of crypto, information is power. But what if you could have more than just information? Get insider News we use for trading, unlock access to private news channels:
1️⃣🔍Digest
Time is precious. Get the day’s pivotal events, distilled to perfection. No noise, just essence.
2️⃣🧠Expert
Ever wondered about the ‘why’ behind the news? Our ParadiseTeam experts decode the intricacies for you, giving you an edge.
3️⃣🔐Exclusive
Step into the realm of elite insights. Content that’s not just informative, but transformative.
Why be a spectator when you can lead the charge? With MCP🗞NEWS PRIVATE channels, you’re not just better informed; you’re ahead. CLICK HERE to find out more about what you will get, UNLOCK the PRIVATE sections, and embark on a crypto journey like no other!
