ChainCatcher reported that according to The Block, a proposal passed by Compound Finance has triggered accusations of governance attacks in the community, claiming that a small group was able to forcibly implement the proposal through the approval process after obtaining a large number of tokens on the open market.
Proposal 289, which passed by a narrow margin of 682,191 votes to 633,636 on Sunday, allocates 5% of the Compound treasury (499,000 COMP tokens, worth about $24 million) to a one-year interest-earning protocol designed by the “Golden Boys.” Voting on the proposal began at 11:40 p.m. local time Thursday and continued through the weekend.
However, community members claim that there is a hidden story behind these voting totals. Michael Lewellen, security solutions architect at OpenZeppelin and security consultant for Compound Finance, posted on X that some accounts accumulating COMP tokens on the open market are associated with several proposals aimed at transferring COMP assets to the goldCOMP product created by the “Golden Boys.”
In response to Lewellen’s security alert, several community members including Wintermute Governance, Columbia Blockchain, Penn Blockchain, and StableLab expressed similar concerns.
