CertiK reports that a DIMO admin wallet briefly upgraded a proxy before selling tokens, later reverting changes and moving control to a multi-signature wallet.
On November 7, blockchain security firm CertiK reported that a DIMO admin wallet upgraded a proxy contract and withdrew 30 million DIMO tokens, selling them for about $40,000. Within an hour, the proxy upgrade was reverted and control was transferred to a multi-signature wallet. The incident highlights potential security and governance concerns in token management.