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Tornado Cash governance control set to be restored as voters approve proposal

The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures.On May 26, the proposal to restore control to

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Tornado Cash attacker to potentially giveback governance control, proposal reveals

Just a day after an attacker sparked community-wide panic after hijacking the Tornado Cash governance, a new proposal hints at the possible restoration of the state of governance.On May 21, the passing of a malicious proposal allowed an attacker to gain complete control over Tornado Cash’s governance. With total control

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Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest

A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter

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Aragon (ANT) Cancels Planned DAO Control of $200M Treasury Amid Battle With Arca, Others

“The Aragon treasury was established with the explicit mission of supporting builders to advance decentralized governance infrastructure. Based on Swiss regulations that mandate the use of Aragon’s treasury for its stated social purpose, fiduciary duty compels Aragon Association to secure these funds from those seeking to access them for their

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JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators – Bitcoin News

On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan

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Syrian Official Says US Imposes Sanctions to Steal Nations’ Assets and Exert Control – Economics Bitcoin News

The Syrian foreign minister says the U.S. imposes sanctions on Syria and Russia to steal their assets and keep them under its hegemony. The U.S. is “the biggest beneficiary of wars and fueling global conflicts, with the aim of maintaining the dominance of the dollar in the global economy and

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