DeFi· ★★★· neutral·

Ampleforth: wallet sought 98% of treasury USDC via Proposal 54

  • The 2.5 million USDC request equaled 98.5% of the treasury's USDC balance and 70.2% of its total value
  • The author wallet received 87,238.5 FORTH delegated 19 minutes before the proposal was filed
  • Fourteen minutes after the FORTH withdrawal, the same address called cancel(54)
  • GoPlus Security called the proposal an attack, but the treasury suffered no losses
Why it matters: The incident exposes a DeFi governance vulnerability: concentrated vote delegation can push a treasury request through without public discussion.
Source: Cryptonews.net