{"id":565411,"date":"2026-09-24T08:50:19","date_gmt":"2026-09-24T07:50:19","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=565411"},"modified":"2026-09-24T07:20:13","modified_gmt":"2026-09-24T06:20:13","slug":"neutron-dao-passes-a-new-proposal-and-9-3m-in-crypto-disappears","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/neutron-dao-passes-a-new-proposal-and-9-3m-in-crypto-disappears\/","title":{"rendered":"Neutron DAO passes a new proposal, and $9.3M in crypto disappears"},"content":{"rendered":"

Neutron voters passed proposal #9 on Sept. 22, with 11 \u201cUpdate Admin\u201d actions listed on the chain explorer. The same day, security tracker SlowMist recorded estimated losses of $4.9 million at Astroport and $4.4 million at Drop.<\/p>\n

The tracker\u2019s combined estimate of $9.3 million reflects the reported incidents<\/a>.<\/p>\n

Neutron\u2019s governance documentation<\/a> calls its DAO the network\u2019s highest governing authority and describes its power to execute messages through governance. \u201cUpdate Admin\u201d is the action identified on the proposal index.<\/p>\n

In practical terms, the network\u2019s governance process can change control of a contract\u2019s administrator, even when users experience Astroport or Drop as separate services.<\/p>\n

The proposal was titled \u201cAIATO: AI Agent Takeover. Phase 1: Agent Admin Registration.\u201d The explorer marks it as passed and lists 11 administrator updates.<\/p>\n

That count describes the proposal\u2019s administrative scope. SlowMist<\/a> names Astroport and Drop in its Sept. 22 records.<\/p>\n

\"Infographic<\/a>
Neutron DAO approved 11 Update Admin actions as SlowMist estimated $9.3 million in combined Astroport and Drop incidents.<\/figcaption><\/figure>\n

The proposal shows the chain-level route to changing administrators, while the SlowMist entries show the reported financial impact at two applications. Together they point to a risk that is easy to overlook when assessing an application only by its procedures: network governance may retain consequential authority over the software it hosts.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Audited DeFi protocols lost $885M to attacks that occurred completely outside their audit scopes<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

What remains recoverable<\/h2>\n

The incident estimates leave the final loss unsettled. Protos reported on Sept. 23 that network halts stranded most of the initially affected assets and that the attacker had extracted around one-fifth at the time of its report.<\/p>\n

A network halt can contain assets without returning them to users. The reported extraction share measures movement beyond halted networks, but it gives a different view from the incident estimates for application funds.<\/p>\n

A final recovery figure requires knowing which assets remain contained, which have been restored, and which have left defenders\u2019 reach. Withdrawal from an application, movement between networks, containment during a halt, and eventual return to a user account are key steps.<\/p>\n

For affected users, the unresolved issue is how much of that reported value can actually be returned.<\/p>\n","protected":false},"excerpt":{"rendered":"

Proposal #9 passed Sept. 22; SlowMist estimates incidents at Astroport and Drop, while the amount ultimately unrecovered remains unknown.<\/p>\n","protected":false},"author":1264,"featured_media":565502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76799,77968,79325,16041],"tags":[81114],"post_folder":[],"acf":[],"yoast_head":"\nNeutron DAO passes a new proposal, and $9.3M in crypto disappears<\/title>\n<meta name=\"description\" content=\"Neutron voters approved 11 contract admin changes as Astroport and Drop suffered an estimated $9.3 million in losses, putting governance control and fund recovery in focus.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/neutron-dao-passes-a-new-proposal-and-9-3m-in-crypto-disappears\/\" \/>\n<meta property=\"og:locale\" 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