Top (TOP)

SECURITY ALERT: GoPlus Security reports an attacker exploited the $TOP protocol's governance system to mint 10 billion $TOP tokens.

The attacker submitted and voted through a malicious proposal.

After approval, they executed the proposal and minted 10 billion $TOP.

Roughly 1 billion $TOP was then swapped for about 944.2 WBNB through multiple transactions.

One and a half million dollars vanished within minutes by exploiting a vulnerability in the Governance system of the low market cap Token of Power. The attack revealed fundamental risks in decentralized voting systems where the attacker was able to take control of the protocol due to weak protection and oversight of operations. https://t.co/BAYMW6Lsol