Edgy - The DeFi Edge 🗡️|Jul 08, 2026 12:39
I've seen a lot of "exploits" in Crypto over the years but it has been a long time since something surprises me.
Someone drained a DAO treasury without hacking anything.
How?
The mf'er spent $4m to buy tokens.
Submitted a proposal asking for $20m.
It went 7 days without anyone noticing and it passed.
The governance system did exactly what it was designed to do.
The DAO itself was the exploit path.
If most of your holders have checked out mentally, then whoever shows up with a proposal has some keys.
Wonder what other protocols are vulnerable to something like this.(Edgy - The DeFi Edge 🗡️)
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