Indexed Finance, an Ethereum-based platform, recently faced a major setback when hackers stole $16 million from the platform. However, the Indexed community has successfully defended against two recent attempts to hijack the project’s decentralized autonomous organization (DAO). As a result, the management of the DAO is transitioning back to its original creators, who plan to use the remaining treasury funds to compensate the victims of last year’s hack. The first hijacking attempt was thwarted when the community rallied together to vote against a covert proposal initiated by an attacker with significant holdings in the platform’s NDX token. Recognizing the possibility of a copycat attack, the community approved a “poison pill” proposal to burn the remaining treasury funds if necessary. This incident highlights the importance of vigilance and proactive measures in safeguarding digital assets in the rapidly evolving landscape of blockchain technology.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	1
People	Laurence Day, Dillon Kellar
Companies	Indexed Finance, NDX token, X (formerly Twitter), DAO, Ethereum-based Indexed Finance
Currencies	Indexed Finance, Dai
Securities	None