Day: December 18, 2020

Tornado Cash to Decentralize Governance Via TORN Token

Tornado Cash presented a governance proposal to incentivize use of the Ethereum-based privacy tool via a new token called TORN. Tornado Cash allows users to deposit a fixed amount of supported assets (ETH, USDC, DAI) and “wash it” through an anonymity pool. That deposited value can be redeemed by the receiving address using a note …

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Flash Loan Attacker Drains $8M From Warp Finance 

Investors are depositing millions into new DeFi protocols launched by anonymous developers, at times only to be wiped away in a hack.   The latest to suffer that unfortunate fate is Warp Finance.  Promising to be a money market where users can borrow and lend tokens and stablecoins representing liquidity in automated market makers, Warp rapidly …

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