LIVE
BTC 81,452 ▲0.31%ETH 2,403 ▲1.02%BNB 742.72 ▲1.82%XRP 1.31 ▲0.85%SOL 103.92 ▲0.74%TRX 0.3303 ▲0.73%FIGR_HELOC 1.02 ▼1.71%ZEC 1,231 ▲1.73%HYPE 77.7 ▲0.73%DOGE 0.07932 ▲1.39%XMR 590.75 ▼2.91%WBT 79.07 ▲0.40%

DAO

1 STORIES
TAG
Compound (COMP) Down 6.7% Amid Governance Attack Concerns
NEWSJUL 29, 2024
Compound (COMP) Down 6.7% Amid Governance Attack Concerns
The Compound (COMP) token has dropped by 6.7% following concerns over a potential "governance attack" on its DAO. This comes after a whale named Humpy and a group called the Golden Boys successfully passed a controversial proposal to allocate $24 million in COMP to the yield-bearing protocol goldCOMP, sparking significant backlash and raising questions about the security of decentralized governance.