top of page

Tornado Cash (TORN) Suffers 27% Drop As Hackers Strike

Tornado Cash (TORN) has experienced a sudden fall in its market price over the last few hours following news of the DeFi protocol suffering a crypto exploit late yesterday. According to data from CoinMarketCap, Tornado Cash is down 28.25% in the last 24 hours, albeit this only represents a retraced value. Following news of TORN’s attack, the token initially dropped by over 60% before finding support around the price region of $3.86. Through a malicious governance proposal, a hacker gained control of Tornado’s Cash Governance, allocating 1,200,000 votes to themselves. The hacker then proceeded to deposit 6,000 TORN on the Bitrue exchange.


Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!



Comments


bottom of page