Hifi Finance’s decentralized autonomous organization (DAO) governance was taken over in a last-minute vote financed by Tornado Cash, allowing an attacker to gain control. After the takeover, the attacker minted 25 million governance tokens and transferred about $1 million in user collateral, putting deposited funds at risk. This sequence links the governance vote, token issuance, and collateral movement, highlighting vulnerabilities in the protocol’s governance process. The incident raises concerns about security in DeFi governance and the safety of user assets.
Hifi Finance governance takeover and collateral movement provide context for market conditions. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 29, 2026 09:21 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell today. ONE (Harmony) traded at Rp22 with a 1-day change of -4.95%, COTI was at Rp183 down 4.67%, and AXS (Axie Infinity) fell 4.57% to Rp17,018 with 99% sell order activity.
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