Compound Finance Falls Victim to Governance Attack, Loses $25M in COMP Tokens

LUCKNOW (CoinChapter.com) – Compound Finance, a lending platform, has fallen victim to an alleged governance attack.

A proposal orchestrated by a COMP token whale passed by a slim margin, redirecting 499,000 COMP tokens from Compound's treasury to a yield-bearing vault controlled by the proposer and a group called the "Golden Boys." The proposal faced heavy opposition, with critics calling it a governance attack and highlighting the dangers of centralized control over the new vault.

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