FeesSafety
Pluang+

Hifi Finance suffers $1M DeFi governance attack draining user collateral via minted tokens

Market News
30 Oct 2026, 03:16 WIB
CryptoTicker
View Source
Bearish
Hifi Finance suffers $1M DeFi governance attack draining user collateral via minted tokens

On October 28, 2026, an unknown address took control of Hifi Finance's governance vote and drained about $1 million in user collateral, mainly real-world asset (RWA) tokens. The attacker used four last-minute votes to mint 25 million new governance tokens, gaining control without exploiting code flaws but by manipulating voting rules. This incident highlights risks in DeFi protocols where governance tokens are undervalued compared to collateral, making attacks financially attractive. Hifi's token price dropped 25%, and the case raises concerns about the lack of deposit protection and the importance of governance safeguards like timelocks and quorums. The project has not yet commented on the event.

The Hifi Finance governance attack is the subject, with Pluang's market data providing context. As of Oct 30, 2026 07:02 WIB, among 50 major cryptocurrencies on Pluang, only 5 rose while 44 fell. For example, THETA dropped 9.80% to Rp2.935 with a typical hold time of 78 days, ALGO fell 9.74% to Rp1.706 with a balanced order activity of 46% sell and 54% buy and a hold time of 131 days, and BAT declined 9.58% to Rp2.344 with heavy sell pressure at 86% and a hold time of 93 days.

More News

FirstCash shares drop 14.75% after Q3 income and loan volume fall, sparking securities fraud probe.

FirstCash shares drop 14.75% after Q3 income and loan volume fall, sparking securities fraud probe.

FirstCash Holdings, Inc. shares fell 14.75% on October 22, 2026, after the company reported a 28% year-over-year decline in operating income for its American First Finance segment and a 15% drop in lease and loan originations for Q3. The decline was ...

Market News
Bearish
40 minutes ago
First Hawaiian and TriCo shareholders approve merger, aiming to create a leading regional bank by late 2026.

First Hawaiian and TriCo shareholders approve merger, aiming to create a leading regional bank by late 2026.

First Hawaiian, Inc. and TriCo Bancshares have received shareholder approval for First Hawaiian's acquisition of TriCo, pending customary closing conditions. This merger aims to combine their banking services and expand their capacity to serve custom...

Company Fundamentals
Bullish
1 hour ago
EnergyLIB debuts advanced, safety-first home battery systems at All Energy Australia 2026

EnergyLIB debuts advanced, safety-first home battery systems at All Energy Australia 2026

EnergyLIB showcased its new home battery systems at All Energy Australia 2026, emphasizing layered safety features in its LIB HomeStack, HomeTower, and HomeEase products. These batteries use multiple safety mechanisms, including advanced monitoring a...

Others
Bullish
2 hours ago
Westmark Enterprises data breach exposes personal info; law firm investigates class action claims.

Westmark Enterprises data breach exposes personal info; law firm investigates class action claims.

Westmark Enterprises experienced a data breach in August 2026, where unauthorized access to its network potentially exposed personal information such as names and Social Security numbers. The company began notifying affected individuals in October an...

Market News
Bearish
2 hours ago
Timberland Bancorp's net income rises 7% to $31.2M in fiscal 2026 with an 8% EPS increase.

Timberland Bancorp's net income rises 7% to $31.2M in fiscal 2026 with an 8% EPS increase.

Timberland Bancorp reported a 7% increase in net income to $31.17 million for fiscal year 2026, with earnings per share (EPS) rising 8% to $3.96. Quarterly EPS also grew 6% to $1.04, supported by improved net interest margins and loan growth. The com...

Company Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App