ME News reports that on September 13 (UTC+8), according to Defimon Alerts, Ampleforth’s Governance Proposal #54 appears to be a malicious proposal targeting $2.5 million in USDC from the treasury. Under the guise of “SPOT Completed Work Grant,” the proposal seeks to transfer funds to the proposer’s address, amounting to nearly the full $2.538 million USDC held in the timelock contract. The proposer disclosed that they authored the proposal and plan to self-vote using only 87,238 FORTH (approximately 0.57%), barely surpassing the 75,000-vote threshold. At $0.22 per FORTH, the estimated cost of the attack is just $132,000. (Source: Foresight News)
Ampleforth Suspected Malicious Proposal Aims to Transfer 2.5 Million USDC
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Summary
On-chain news reveals that Ampleforth’s Proposal #54 is under scrutiny for attempting to divert $2.5 million in USDC from the treasury. The proposer claims the funds are for “SPOT completed work grants,” but the move appears designed to nearly deplete the $2.538 million held in time-locked contracts. The attacker plans to self-vote using 87,238 FORTH (0.57%), just enough to meet the 75,000 threshold. At $0.22 per FORTH, the estimated cost of the attack is $132,000. Crypto news platforms such as Defimon Alerts have flagged the proposal as suspicious.
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