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Hifi Finance users urged to withdraw collateral after DAO takeover compromises control and lending system.

Protocol Fundamentals
31 Oct 2026, 03:31 WIB
Tokenpost
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Bearish
Hifi Finance users urged to withdraw collateral after DAO takeover compromises control and lending system.

Hifi Finance, a decentralized lending protocol, warned users to withdraw their collateral following a takeover by a DAO that stripped HIFI token holders of control over the lending system, governance contract, and token supply. The core team admitted they failed to detect or prevent the takeover in time but have taken steps to limit damage, estimating losses around $20,000. The DAO has withdrawn liquidity from decentralized exchanges, and the core team will manage existing debt backed by real-world assets, aiming to repay it fully by March 26, 2027, while issuing no new loans. The DAO reportedly has enough resources to compensate affected users fully.

Hifi Finance's recent DAO takeover is the context for this market snapshot. For readers following major cryptocurrencies on Pluang as of Oct 31, 2026 07:21 WIB: out of 50 priced assets, 35 rose and 14 fell. Notable movers include CRV at Rp5.178 with a 7.40% decline and 89% buy activity, DOT at Rp17.683 up 6.91% with 79% buy activity, and SAND at Rp849 up 5.16% with 60% sell activity. Typical hold times range from 62 to 124 days.

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