Hifi Finance Suffers Governance Takeover by DAO, Approximately $1 Million in User Collateral Drained

On October 29, on-chain researcher Spreek revealed that DeFi protocol Hifi Finance suffered a DAO governance takeover. The attacker gained control through four last-minute votes funded by Tornado Cash, subsequently issued 25 million governance tokens, and drained user collateral worth approximately $1 million, largely consisting of RWA tokens.