Defimon Alerts said it detected what appears to be a malicious governance proposal on Ampleforth, centered on roughly 2.5 million USDC from the protocol treasury. The proposal, labeled as a grant for 「SPOT completed work」, would send funds to the proposer’s address. The amount is close to the full 2.538 million USDC held by the timelock contract. According to the disclosure cited by Defimon, the proposer said they wrote the proposal and would vote for it through a delegate holding only 87,238 FORTH, or about 0.57% of supply. That would narrowly clear the 75,000-vote threshold. Based on a FORTH price of $0.22, Defimon estimated the attack cost at about $132,000. The alert focuses on the proposal mechanics, the treasury exposure, and the relatively low token cost needed to reach the required voting threshold.
Defimon Alerts said it identified a suspected malicious governance proposal on decentralized digital asset protocol Ampleforth, involving 2.5 million USDC from the treasury.
The proposal, listed as a grant for 「SPOT completed work」, would transfer funds to the proposer’s address. The amount is close to the entire 2.538 million USDC held by the timelock contract.
According to the disclosure cited by Defimon, the proposer said they wrote the proposal and would self-vote through a delegate holding 87,238 FORTH, or about 0.57%. That would narrowly clear the 75,000 threshold. At $0.22 per token, the estimated attack cost comes to about $132,000.
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