Crypto
Neutron DAO Proposal Triggers Estimated $9.3 Million Losses
A recent proposal passed by Neutron DAO has resulted in estimated losses of $9.3 million for two applications, Astroport and Drop.
The proposal, titled 'AIATO: AI Agent Takeover. Phase 1: Agent Admin Registration,' authorized 11 contract-admin updates through the network's DAO.
The vote passed on September 22, with SlowMist estimating $4.9 million in losses at Astroport and $4.4 million at Drop.
Neutron's governance documentation describes its DAO as the network's highest governing authority, allowing it to execute messages through governance and change control of a contract's administrator.