Neutron governance vote seized Astroport and Drop admins: ~$9.4M drained
22 Sep 2026: An expedited Neutron proposal (framed as an AI governance experiment) passed and reassigned admin on Astroport and Drop contracts. 96M already moved off-chain paths at early reporting.
The swing vote came from a last-minute NTRN buy (~$20k class) just before tally. Chain-level governance could override app multisigs. Neutron halted. 1M) out of an attacker-linked wallet on restart.
Astroport told users to withdraw liquidity on all chains. Research snapshot from public firm and press notes.
369 take
If buying the vote costs far less than the TVL behind that vote, governance is the attack surface. App multisigs do not protect you when chain governance can rewrite admin.
Pulse lesson: cheap token-weighted control over fat vaults is the same family as hot single-key admin. Ask what a hostile proposal can change before you deposit.
Sources