$1.58 Million Vanishes in Minutes: How a Tiny Token’s Governance Was Hijacked
A low-cap token’s weak safeguards enabled a swift takeover that uncovered ongoing dangers in DeFi voting techniques. Blockchain safety corporations at present reported a $1.58 million exploit on Token of Power ($TOP), the place an attacker seized governance management, minted billions of tokens, and drained liquidity from a Balancer V1 pool. How the Attack Happened…
