Odaily Planet Daily reports that Marinade Finance stated that on September 25, its DAO was targeted by attackers attempting to seize governance control through two malicious proposals; however, both proposals were rejected by the DAO committee, with no funds transferred and no impact on mSOL, Native Staking, or SAM services. The attackers exploited a vulnerability in the DAO voting system to assign artificially inflated voting power to a small amount of MNDE tokens, submitting a forged proposal titled "MIP-23" to replace the voting mechanism, alongside another proposal attempting to transfer DAO treasury assets. The actual voting power of MNDE holders far exceeded that of the two malicious proposals, and the DAO committee successfully rejected them within six hours—approximately four days before the proposals were originally scheduled to take effect.
Marinade Finance DAO Blocks Malicious Proposals; No Funds Lost
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Summary
On September 25, the Marinade Finance DAO blocked two malicious proposals, as reported in on-chain news. An attacker attempted to exploit a vulnerability in the voting process to seize governance control and transfer treasury assets. The DAO committee rejected both proposals within six hours. The fraudulent MIP-23 proposal sought to replace the voting mechanism, but the actual voting power of MNDE holders ensured the proposals were defeated. The mSOL, Native Staking, and SAM services remained unaffected. The incident underscores the importance of on-chain security and active participation in governance.
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