Neutron DAO approves 11 admin updates as Astroport, Drop incidents reach $9.3M

  • Neutron voters passed Proposal #9 with 11 Update Admin actions.
  • $9.3 million was SlowMist’s combined estimate for Astroport and Drop incidents on Sept. 22.
  • Protos reported Sept. 23 that network halts stranded most initially affected assets.

Neutron voters passed Proposal #9 on Sept. 22, approving 11 "Update Admin" actions, according to the chain explorer. The proposal, titled "AIATO: AI Agent Takeover. Phase 1: Agent Admin Registration," was marked passed and covered changes to contract administrators. Neutron’s governance documentation describes its DAO (decentralized autonomous organization) as the network’s highest governing authority, with power to execute messages through governance. That means network-level governance can alter administrative control over contracts behind applications that users experience as separate services, including Astroport and Drop. On the same day, SlowMist estimated losses of $4.9 million at Astroport and $4.4 million at Drop, for a combined $9.3 million tied to the reported incidents. The figures describe reported application impacts, while the proposal shows the chain-level mechanism through which administrators can be changed. The source also cites related reading that audited DeFi (decentralized finance) protocols lost $885 million in attacks occurring completely outside their audit scopes. The final recoverable amount remains unresolved. Protos reported on Sept. 23 that network halts stranded most initially affected assets and that the attacker had extracted around one-fifth when it published its report. Assets contained by a halt are not necessarily returned to users, so the eventual outcome depends on which funds remain contained, which are restored, and which have moved beyond defenders’ reach.

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Neutron DAO approves 11 admin updates as Astroport, Drop incidents reach $9.3M - CoinPost Terminal