Build Finance Governance Attack
The venture capital DAO organization Build Finance tweeted that the project suffered a malicious governance takeover.
- Reported loss
- 168 ETH
- Attack category
- Governance Attack
Incident Overview
The malicious actors successfully controlled the Build token contract by getting enough votes, minting 1,107,600 BUILD tokens in three transactions, and spent With most of the funds in Balancer and Uniswap liquidity pools exhausted, attackers continue to take control of the balancer pools via governance contracts and drain the remaining funds including 130,000 METRIC tokens, METRIC liquidity on Uniswap and Fantom Both pools subsequently came under intense selling pressure. As it stands, attackers have full control over governance contracts, minting keys, and treasuries, and the DAO no longer controls any part of critical infrastructure.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.