Comp

Compound (COMP) Down 6.7% Amid Governance Attack Concerns

The Compound (COMP) token has dropped by 6.7% following concerns over a potential “governance attack” on its DAO. This comes after a whale named Humpy and a group called the Golden Boys successfully passed a controversial proposal to allocate $24 million in COMP to the yield-bearing protocol goldCOMP, sparking significant backlash and raising questions about the security of decentralized governance.