StrongBlock loses $72K after attacker hijacks abandoned governance system

An attacker has drained about $72,000 worth of STRONG and STRNGR tokens after taking control of StrongBlock’s abandoned on-chain governance system through a malicious proposal. Summary An attacker drained about $72,000 after taking control of StrongBlock’s abandoned governance system. A malicious proposal gave the attacker admin control of the protocol’s Governor contract. The attacker upgraded the Governor contract before stealing 32,695 STRONG and 383,447 STRNGR tokens. The incident relied on governance control rather than a smart contract vulnerability. The attack follows recent crypto security breaches targeting governance, infrastructure and wallet software. According to blockchain security firm Defimon Alerts, the attacker acquired enough voting power in StrongBlock’s governance to pass a proposal that ultimately transferred administrative control of the protocol’s Governor contract before the funds were removed. 🚨 Governance Takeover of @Strongblock_io – Loss $72KToken: $STRONGNetwork: EthereumThe attacker exploited StrongBlock's abandoned on-chain Governor. Holding a majority of the now near-worthless STRONG vote token, they pushed a proposal calling setPendingAdmin(attacke...