Marinade DAO blocks governance attack within six hours

  • Marinade Finance’s DAO council rejected two proposals seeking governance control and treasury asset transfers.
  • No funds moved; mSOL, Native Staking and SAM remained unaffected.
  • Marinade applied fixes and plans additional safeguards against further exploitation.

Marinade Finance said its DAO faced an attempted governance takeover on September 25 after an attacker exploited a bug in its voting program and submitted two related proposals. The proposals sought to alter governance control and transfer DAO treasury assets, but the DAO council rejected both within six hours, about four days before their scheduled execution. No funds moved and no losses occurred. Marinade said mSOL, Native Staking and SAM, its stake-auction marketplace where total TVL is distributed, were unaffected. The protocol has applied measures to prevent further exploitation and plans to add further security safeguards.

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