Cryptocurrency
"Andrew Yang's Web3 Lobbying Group Wants to End Poverty With Vote-Buying"
Primary Source ↗Blockchain(s)
Ethereum
Incident Details
Perennial political candidate Andrew Yang, perhaps in a desperate bid to stay relevant, announced his plans to create “Lobby3”. Lobby3 is a DAO which he says will push for crypto-friendly regulation and “eradicate poverty”. Like many DAOs, the voting power is allocated based on how many tokens a member owns, meaning that those who pay more have more votes. A single token, representing one vote, costs 0.07 ETH (about $200). The “Founder” tier of participation in the DAO, which appears to offer access to Yang more than anything particularly lobbying-related, costs 40 ETH (about $125,000).Interestingly, one of the people credited as a “contributing artist” to Lobby3 is “Robness”, who had the previous day minted an NFT of a photo of a journalist as a child in an attempt to harass her.
Technical Details
- Initial Attack Vector
- Regulatory / legal action
- Vendor / Product
- Lobby3
Timeline
- 2022-02-17 Breach occurred
- 2022-02-17 Publicly disclosed