[Hifi DAO Suffers Governance Attack, Team Estimates $20,000 Loss and Urges Users to Immediately Withdraw Collateral] BlockBeats reported on October 31st that Hifi Finance disclosed that its Hifi DAO had suffered a governance takeover attack. HIFI token holders have effectively lost control of the protocol, governance smart contracts, and the HIFI token supply. The team urged all users with collateral in the Hifi Protocol to withdraw immediately and specifically requested the controllers of the two relevant addresses to withdraw WETH from the protocol. Hifi Finance stated that the core team failed to detect and prevent the attack in time and assumes full responsibility. The team has taken measures to significantly limit the impact of the attack. The final loss is yet to be determined, but is initially estimated at approximately $20,000. The DAO has sufficient funds to compensate all affected parties; DAO's own liquidity has been permanently withdrawn from decentralized exchanges. Furthermore, all outstanding debts collateralized with RWA will be directly managed by the core team and will no longer be processed through the compromised smart contracts. The relevant debt remains well-capitalized and is expected to be fully repaid by the original maturity date of March 26, 2027. No new debt will be issued under the agreement. The team stated that a full investigation report will be released later. [Original Link]