Indexed DAO will distribute remaining treasury after fending off attackers’ hijacking attempts

Indexed Finance, an Ethereum-based project, successfully resisted two hijacking attempts after suffering a $16 million hack in 2021 and will return control of its DAO to its founders. The founders plan to reallocate funds from the treasury to victims of the 2021 hack. In a post on X, former core contributor Laurence Day explained how the Indexed community rallied to defeat two attempts to hijack the remaining treasury of the Indexed DAO. Each attacker purchased a large amount of the protocol’s NDX tokens and attempted to seize the approximately $120,000 in digital assets that the DAO still controls through malicious proposals.