Indexed Finance Attacker Attempted Another Exploit Relevant Feed

• The person behind the Indexed Finance governance attack attempted one on Relevant Feed.
• ZachXBT identified that the wallet behind the attack was funded by Alex Chon.
• Chon is an alleged DPRK IT worker fired from at least two roles for suspicious behavior.

ZachXBT, a 2D detective in the crypto space, has discovered that the person behind the Indexed Finance governance attack also attempted one on Relevant Feed, a news sharing and discussion platform, via a specified wallet address earlier this month. 

In a post on X (formerly Twitter), ZachXBT noted that the suspect, Alex Chon, funded the wallet and that he is an alleged DPRK IT worker fired from at least two roles for suspicious behavior. 

On-chain is where things get interesting.

The person behind the Indexed Finance governance attack also attempted one on @relevantfeed via 0x9b9 earlier this month.

0x9b9 was funded by Alex Chon an alleged DPRK IT worker who has been fired from at least 2 roles for suspicious… https://t.co/vXYAmzPxnn pic.twitter.com/nXoVDaWYvZ

— ZachXBT (@zachxbt) November 18, 2023

The 2D detective also observed that Chon has changed his Github username many times but maintains the ‘Holy Pengy’ identity with a Pudgy Penguins personal profile picture. 

He shared several screenshots to support his claims, including a diagram depicting an on-chain tracking of transactions, inbox chat messages, and a GitHub profile page of ‘Holy Pengy’, the alleged profile of Chon.

ZachXBT made his post in response to another post by Laurence, a media personality, who warned that there was an ongoing attack against the remnants of the Indexed Finance treasury, involving $36,000 in DAI and approximately $48,000 in NDX before slippage. 

Read Also: Beware: Kronos Suffers Major Hack Incident, Lost About $22 Million

The poster noted that it had been two years since the previous attack on Index Finance and was surprised at the recent incident.

Laurence thinks that In keeping with the principle of ‘no, you shouldn’t get to raid the protocols of inactively developed projects for profit by leveraging governance’, anyone who still holds NDX delegated to themselves or another wallet they control to vote ‘Against’ in the ongoing governance exercise.

According to the media personality, if those holding NDX succeed in stopping the process, they would have to think about what to do with the remaining digital tokens. However, he noted that if they fail to affect the situation, they will know they tried to do something about it.