Odaily reported that BarnBridge Smart Yield’s older governance Proposals 14 and 15 carry token approval risk. If either proposal were executed or upgraded maliciously, existing token approvals could be put at risk. There is currently no confirmation that any funds have been taken. Users are being urged to review and revoke relevant approvals on Ethereum as soon as possible. Proposal 14 is in its executable grace period, while Proposal 15 has already been queued, with an on-chain execution time estimated at July 16, 09:23:58 UTC. Tokens listed as affected include USDC, DAI, USDT, GUSD, and RAI. The notice also warned users to rely only on trusted approval management tools, avoid links posted in replies or accounts claiming to offer support, and not send funds or sign transfers to any address.
Odaily reported that BarnBridge Smart Yield’s older governance Proposals 14 and 15 carry token approval risk. If maliciously executed or upgraded, the proposals could put existing token approvals at risk.
There is no confirmation at this stage that any funds have been taken. Users are urged to review and revoke related approvals on Ethereum as soon as possible.
Proposal status and scheduled execution
Proposal 14 is currently in its executable grace period. Proposal 15 has already been queued, with an estimated on-chain execution time of July 16 at 09:23:58 UTC.
Tokens involved
The affected tokens listed in the notice are USDC, DAI, USDT, GUSD, and RAI.
Security guidance for users
Users were told to rely on trusted approval management tools, avoid links posted in replies or accounts presenting themselves as “support,” and not send funds or sign transfers to any address. Approval revocations should be carried out only through trusted tools.
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