Security· ★★★· bearish·

Neutron DAO passes proposal as $9.3M vanishes in Astroport and Drop exploits

  • —Proposal #9 passed on Sept. 22 with 11 "Update Admin" actions
  • —SlowMist estimated $4.9M lost at Astroport and $4.4M at Drop
  • —Combined reported losses reached $9.3 million
  • —Network halt contained most assets; attacker extracted about 20%
Why it matters: The case highlights that network-level governance can reassign contract administrators for hosted apps, while the final recovery for affected users remains unresolved.
Source: Cryptonews.net
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