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Showing posts with the label proposal

Digital euro proposal from European Commission seeks universal approval

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On June 28, the European Commission unveiled its proposed legislative plan for a digital euro, with the intention of establishing it as a widely embraced and readily available payment method. The announcement emphasized the importance of enabling individuals to acquire digital euros through their banks upon request, ensuring convenient access and safeguarding against the risk of exclusion for citizens. Share customer data The European Commission published its legislative plans to underpin a digital, saying it would ensure Europeans can pay digitally for free across the currency zone. As part of a distinct proposal , the commission has put forward a suggestion wherein banks, insurers, and funds would be required to share customer data with fintech firms in exchange for compensation in a bid to foster the advancement of digital finance.  You might also like: FTX engages in talks to bring back international crypto exchange The proposal further encompasses key provisions su...

Attacker hijacks Tornado Cash governance via malicious proposal

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The total control over Tornado Cash governance allows the attacker to withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router. Adding to the existing roadblocks of the decentralized crypto mixer Tornado Cash, an attacker managed to gain full control of the governance through a malicious proposal.  On May 20 at 3:25 ET, an attacker successfully granted 1.2 million votes to a malicious proposal . Given that the proposal received more than 700,000 legitimate votes, the attacker gained total control over Tornado Cash governance . On 2023/05/20 at 07:25:11 UTC, Tornado Cash governance effectively ceased to exist. Through a malicious proposal , an attacker granted themselves 1,200,000 votes. As this is more than the ~700,000 legitimate votes, they now have full control.https://t.co/nY87XmrYgT pic.twitter.com/h9qjc3xRqz — @samczsun.com (@samczsun) May 20, 2023 The information was shared by @samczsun of research-driven technology investmen...