1/ 🚨 OPEN GOVERNANCE TAKEOVER ATTEMPT A newly funded wallet spent 1 Ether—about $2,500—to acquire 125,280 SQUILL, approximately 10.06% of the voting power and just enough to meet OPEN’s currently displayed quorum alone.

2/ It immediately vote-locked and self-delegated the SQUILL, then submitted a proposal two blocks later that would: • Reduce OPEN’s governance execution delay from two days to zero • Grant the proposer DEFAULT_ADMIN—the Folio’s highest authority

3/ The title disguises these changes as routine “reconstitution.” The proposal description is blank. No constituent assets have moved. This can still be stopped. ACTION SUGGESTED Vote-lock SQUILL and self-delegate before the September 10, 4:08 a.m. PDT voting snapshot.