Blockaid has issued a community alert over legacy governance proposals #14 and #15 tied to BarnBridge Smart Yield, saying they carry token approval risk. The security firm said existing approvals could be put at risk if the proposals are executed maliciously or upgraded. No loss of funds has been confirmed so far, but users were urged to review and revoke related approvals on Ethereum as soon as possible. Proposal #14 is now in its executable grace period, while proposal #15 has been queued and is expected to execute on-chain at 09:23:58 UTC on July 16. Tokens named in the alert include USDC, DAI, USDT, GUSD and RAI, with the relevant contract addresses already disclosed. Blockaid also warned users not to trust links in replies or accounts claiming to offer support, and said revocations should only be carried out through trusted approval management tools.
ChainCatcher reported that Blockaid has issued a community alert over legacy governance proposals #14 and #15 related to BarnBridge Smart Yield, warning that they carry token approval risk. According to the alert, existing token approvals could be endangered if the proposals are executed maliciously or upgraded.
Blockaid said there is no confirmation at this stage that any funds have been taken. It advised users to review and revoke any related approvals on Ethereum as soon as possible.
Status of the two BarnBridge proposals
Proposal #14 is currently in its executable grace period, while proposal #15 has already been queued. Its estimated on-chain execution time is 09:23:58 UTC on July 16.
Affected tokens and user guidance
The alert names USDC, DAI, USDT, GUSD and RAI as affected tokens, and says the relevant contract addresses have been publicly disclosed.
Blockaid urged users to rely on trusted approval management tools, avoid links posted in replies or accounts presenting themselves as support, and not send funds to any address or sign transfer transactions. Approval revocations should be done only through trusted tools.
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