ENS DAO Approves New Security Committee, 5-of-8 Multisig Mechanism to Cancel Malicious Proposals

ENS DAO has approved the activation of a new security committee with a two-year term. The committee consists of eight members and has veto power to cancel proposals during the waiting period after a malicious proposal is passed but before execution. The committee's authority is limited to canceling transactions within the time lock and cannot access treasury funds, submit proposals, or rewrite approved proposals. The committee only exercises its power under emergency conditions as stipulated in the bylaws. ENS points out that governance itself can become an attack vector, where voting rights can be borrowed to initiate attacks, proposal codes can hide malicious actions, and credential leaks can be used to push harmful transactions. The new committee adopts a 5-of-8 multisig mechanism, requiring at least five members' agreement to cancel a proposal, and must be extended by DAO vote after the two-year term.

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