$25 million, almost gone. One entity, 51% of the vote. No reentrancy bug. No flash loan . No technical bug. Just raw, uncut governance capture. This wasn’t a hack. It was the system behaving exactly as designed. What unfolded at Compound Finance in July 2024 wasn’t a one-off governance spat. It was a definitive stress test for DAO security. The instigators? A powerful delegate bloc known as the "Golden Boys." Their method? Acquiring and concentrating COMP voting power through delegation and e...

$25 million, almost gone. One entity, 51% of the vote. No reentrancy bug. No flash loan . No technical bug. Just raw, uncut governance capture. This wasn’t a hack. It was the system behaving exactly as designed. What unfolded at Compound Finance in July 2024 wasn’t a one-off governance spat. It was a definitive stress test for DAO security. The instigators? A powerful delegate bloc known as the "Golden Boys." Their method? Acquiring and concentrating COMP voting power through delegation and e...