PANews reported on July 29 that according to The Block, a proposal recently passed by the lending protocol Compound Finance has raised concerns among community members about governance attacks. They claim that a small group of whales were able to force the proposal through the approval process after acquiring a large number of tokens on the open market. On Sunday, Proposal No. 289 was passed by a narrow margin of 682,191 votes to 633,636 votes. The proposal allocates 5% of Compound's funds (499,000 COMP tokens, worth about $24 million) to the yield protocol controlled by the "Golden Boys", a group led by the whale Humpy. It is reported that they have accumulated enough tokens on the open market to help them barely pass their proposal despite opposition from many community members. Michael Lewellen, a security consultant for Compound Finance, said he believed that several accounts that accumulated COMP tokens on the open market were associated with some proposals aimed at transferring COMP assets to yield products created by the "Golden Boys". Meanwhile, some community members, including Wintermute Governance, Columbia Blockchain, Penn Blockchain, and StableLab, have also expressed concerns about governance attacks.
