After an attacker took control of the Tornado Cash DAO and syphoned off money from the governance treasury, the price of TORN dropped by 40%. In an effort to fend off the bears, buyers have helped the token recover to above $4.40. The US Treasury approved Tornado Cash, an Ethereum-based cryptocurrency mixing service, in February 2023. On May 20, 2023, a hacker added a new feature to an upgrade that TORN holders had approved, giving them 1,200,000 more votes. The attacker was able to sell 10,000 votes for $25,600 by withdrawing them in TORN tokens. While the Tornado Cash team is trying to find a solution, Binance announced that it would stop accepting TORN deposits until further notice.
TORN price dumps 50% after attacker takes over Tornado Cash DAO
