Ampleforth, a DeFi protocol governed by FORTH token holders, saw Proposal 54 canceled on-chain before its voting window opened. The proposal would have transferred 2.5 million USDC to its author, representing roughly 98.5% of the displayed USDC treasury balance and 70.2% of the total marked value of $3.56 million. Address 0x38cA…24D8 delegated 87,238.5461 FORTH to the proposing wallet roughly 19 minutes before proposal creation, then canceled it about 14 minutes later. GoPlus Security labeled the proposal an attack before its cancellation, but verified records show a canceled proposal with no treasury loss or executed exploit. The exposure lies in the fact that a request approaching the protocol’s displayed USDC balance reached the binding system before any public vote tested community support.
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