Hifi Finance Hit by DAO Governance Takeover; About $1 Million in User Collateral Assets Drained

According to 深潮 TechFlow, on October 29, on-chain researcher Spreek disclosed that DeFi protocol Hifi Finance suffered a DAO governance takeover. The attacker gained control through four last-minute votes funded by Tornado Cash, then minted 25 million governance tokens and drained user collateral assets worth about $1 million, mostly RWA tokens.

Source: 深潮 TechFlow