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Security incident · 2024-02-24

ZoomerCoin

According to the public DefiLlama incident dataset, ZoomerCoin (Ethereum) suffered a security incident on 2024-02-24, with about $41K reported lost.

Date2024-02-24
Reported loss$41K
ChainEthereum
Target typeToken
Technique classGovernance
TechniqueFlashloan Governance Attack
Bridge incidentNo
Within 2024#174 by loss that year, 0.0% of all reported losses that year

How this kind of attack works

The attacker briefly gained enough voting power to pass a proposal that sent treasury funds to themselves.

Would a pre-payment check have helped

Needs other controls

Governance attacks are countered by voting design and timelocks.

Other incidents with the same technique

Sources

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