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Railgun DAO allocates $365,000 to help Harmony recover hacked funds

Railgun DAO allocates $365,000 to help Harmony recover hacked funds

Cointime2023/10/25 20:12
By: Cointime
DAO+1.86%ONE+1.24%ETH+0.72%

Railgun DAO community recently sent $365,000 worth of ETH to support Harmony in helping it recover its Horizon Bridge. Last year, hackers stole $100 million from Harmony's bridge protocol. Railgun is a DeFi privacy protocol managed by a decentralized community of the same name. The donation began with an automatic execution proposal submitted to Railgun governance by an anonymous user. The automatic execution proposal does not require higher-powered DAO members to operate. Once the DAO votes, the smart contract code in the proposal will be triggered for immediate execution.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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