🚨 ampleforth.org - Treasury at risk $2.5M (2026-09-12)

Token: $FORTH @ $0.22
Network: Ethereum

Type: Access Control (Malicious Governance Proposal)

A fresh EOA (2 txns) created proposal #54 on Ampleforth Governor Bravo (0x8a994C6F...). Its single action transfers 2,500,000 USDC — essentially the ENTIRE treasury (timelock holds 2.538M USDC) — to the proposer 0x730C97E7..., dressed up as an unsolicited "Observatory for SPOT completed-work grant." The proposer discloses it wrote the proposal and will self-vote via a delegate holding just 87,238 FORTH (~0.57%), barely clearing the 75k threshold. Quorum is only 600k FORTH; at $0.22 that is ~$132k to corner — cheap against a $2.5M prize.

TX: https://etherscan.io/tx/0x06ef1e7165a1316e167cb6bd5040de74cfaeceb249b78043bbf2277213ce32f2
Attacker: https://etherscan.io/address/0x730C97E793f6F7c476C6AeB3E1c3fDad4714dd82
Victim: https://etherscan.io/address/0x8a994C6F55Be1fD2B4d0dc3B8f8F7D4E3a2dA8F1
X: https://x.com/AmpleforthOrg

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