$24 million Compound Finance proposal passed by whale over DAO objections

A recent proposal passed by Compound Finance’s DAO has sparked claims of a governance attack after a small group led by whale Humpy amassed enough tokens on the open market to help narrowly pass their proposal over the objections of many community members.

The proposal allocates 499,000 COMP tokens, currently worth about $24 million, to a yield-bearing protocol controlled by ‘the Golden Boys,’ the group led by Humpy which pushed the proposal through and has allegedly undertaken similar DAO-hijacking behavior in the past.