Ampleforth Governance Proposal Attack Exposes $2.5M USDC Funds to Risk

Ampleforth's Chinese community on GoPlus has been targeted by an evil governance proposal attack, putting $2.5 million in USDC funds at risk.

The proposal, which was put forth to increase the token supply and adjust the protocol's monetary policy, has sparked concerns among Ampleforth users and developers.

According to reports, the malicious proposal aims to exploit a vulnerability in the governance system, allowing the attackers to manipulate the token supply and siphon off funds from the USDC vault.