Hifi Finance reportedly hit by DAO governance attack, ~$1M in user collateral drained

On-chain researcher Spreek disclosed that DeFi lending protocol Hifi Finance was allegedly hit by a DAO governance attack. An attacker funded via Tornado Cash cast 4 votes near the end of a governance vote, took control, minted 25 million HIFI governance tokens and moved all user collateral, valued at about $1 million, mostly in RWA.

Detected & updated continuously · Source: Nebula