Security incident · 2021-03-15
TSD (True Seigniorage Dollar)
According to the public DefiLlama incident dataset, TSD (True Seigniorage Dollar) (BSC) suffered a security incident on 2021-03-15, with about $7.1M reported lost.
| Date | 2021-03-15 |
|---|---|
| Reported loss | $7.1M |
| Chain | BSC |
| Target type | DeFi Protocol |
| Technique class | Governance |
| Technique | Malicious Proposal |
| Bridge incident | No |
| Within 2021 | #46 by loss that year, 0.2% 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
Governance attacks are countered by voting design and timelocks.