Token of Power (TOP)
Summary
Token of Power (TOP) is an Ethereum-based ERC-20 governance token created in March 2021 as a financial art experiment built around fractionalized ownership of a MetaMask-themed NFT, with liquidity and governance managed through a Balancer V1 pool and an Aragon DAO. On June 9, 2026, the project suffered a catastrophic governance-takeover exploit in which an attacker acquired a majority of the token's 16,384-token supply, used the Aragon DAO's absence of timelock protections to create, vote on, and execute a malicious proposal in a single transaction, minted 10 billion new TOP tokens, and drained 944.2 WETH (approximately $1.58 million) from the Balancer V1 liquidity pool. Stolen funds were laundered through Tornado Cash and no official project response had been issued as of June 10, 2026.
Connected Entities
1 entities · 10 linked investigationsTimeline(5 events)
2021-03-20
Token of Power (TOP) launched by an anonymous creator. The Mask of Power DAO was established with a Balancer V1 TOP/WETH pool and an Aragon DAO governance structure. Total supply set to 16,384 TOP tokens.
The Story of the Mask Of Power - write.as/maskofpower2026-06-09
Attacker withdraws approximately 662 ETH from Tornado Cash to fund the attack, then acquires 8,192.000001 TOP tokens from the Balancer V1 pool, securing just over 50% of the total supply and majority governance control.
Governance takeover lets attacker mint 10B TOP tokens in $1.5m exploit - AMBCrypto2026-06-09
Attacker executes a single-transaction Aragon DAO governance proposal with no timelock, triggering the TokenManager to mint 10 billion new TOP tokens to the attacker's exploit contract. Attacker swaps minted tokens into the Balancer V1 pool, draining 944.2 WETH (~$1.58 million). Stolen funds routed through Tornado Cash.
Token of Power exploit drains $1.58M from Balancer pool - crypto.news2026-06-09
Security firms Cyvers Alerts, PeckShield, Blockaid, and BlockSec Phalcon publish on-chain alerts and analyses identifying the attacker wallet, exploit mechanism, and Tornado Cash funding trail.
Attacker cleans out $1.6M from Token of Power (TOP) in Aragon DAO exploit - Cryptopolitan2026-06-10
Multiple crypto news outlets publish full incident reports. No official statement issued by the Token of Power project or Aragon. Funds remain unrecovered. Post-exploit total supply stands at approximately 10 billion TOP with a single wallet holding virtually all tokens.
One Vote, $1.58M Gone: TOP Token Hit by Alleged Governance Attack - CryptoTimesDecision Log
- hash: 3xaCa8ZqS9rcc8k2VVZEutrnKYySBytuTaVDjhUgQdz2
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/14/2026, 11:16:09 PM
last updated: 6/14/2026, 11:16:19 PM
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