Neutron DAO proposal leads to $9.3 million loss in Astroport and Drop

Neutron DAO voters approved proposal #9 on September 22, which included 11 administrative updates. Security tracker SlowMist reported that the proposal resulted in estimated losses of $4.9 million at Astroport and $4.4 million at Drop. The incident highlights the risks of network governance retaining authority over hosted applications, as the proposal allowed for the modification of contract administrators.