BarnBridge Smart Yield's old governance proposals, #14 and #15, have been flagged for potential token approval risks, according to a community alert by Blockaid. These proposals, if maliciously executed or upgraded, could compromise existing token approvals. Users are urged to revoke related approvals on Ethereum promptly. Proposal #14 is currently in an executable grace period, while Proposal #15 is queued for execution on July 16 at 09:23:58 UTC.
The affected tokens include USDC, DAI, USDT, GUSD, and RAI, with relevant contract addresses disclosed publicly. Blockaid advises users to utilize trusted approval management tools and warns against trusting links in replies or accounts claiming to be support. Users should not send funds or sign transfers and should revoke approvals only through verified tools.
BarnBridge Smart Yield Proposals Pose Token Approval Risks
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