How Attackers Stole Around $1.1M Worth of Tokens From Decentralized Music Project Audius

After Proposal #85 was put up, a transaction was executed that delegated some 10 trillion AUDIO towards the votes, thus skewing the proposal in favor of the attacker. Circulating supply was unaffected, but the proposal passed as the erroneous votes were able to trick Audius’ smart contacts. This allowed the attackers to maliciously transfer 18 million AUDIO tokens held by the Audius governance contract, referred to as the “community treasury, to a wallet of their control.”

Source: https://www.coindesk.com/tech/2022/07/25/how-attackers-stole-around-11m-worth-of-tokens-from-decentralized-music-project-audius/?utm_medium=referral&utm_source=rss&utm_campaign=headlines