Indexed Finance thwarts hijackers, set to compensate 2021 hack victims

Indexed Finance, an Ethereum-based project that suffered a $16 million hack in 2021, has successfully thwarted two hijacking attempts. The project’s decentralized autonomous organization (DAO) control will be returned to its founders, aiming to allocate the remaining treasury to victims of the 2021 hack.

In a thread on X, Laurence Day, a former core contributor, detailed the efforts of the Indexed community in overcoming two hijacking attempts on the remaining treasury of the Indexed DAO. Both attackers acquired significant amounts of the protocol’s NDX token, aiming to take control of the DAO’s approximately $120,000 digital asset holdings through malicious proposals.

The initial…

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