Hifi Finance DAO governance takeover attempt (Oct 2026): proposal 21 queued to move collateral and mint 25M HIFI to a one-owner Safe
- Scam type: Hack
- Chain: EVM (Ethereum, BNB Chain, Base and other EVM chains)
- Project or site name: Hifi Finance (Ethereum)
- Incident date: 2026-10-28
- Reported: 2026-10-28
- Last updated: 2026-10-28
A group of wallets passed and queued Hifi Finance DAO proposal 21, which researcher Spreek describes as a hostile governance takeover. When executed it upgrades Hifi's BalanceSheet contract, sends its WETH collateral to a one-owner Safe and mints 25,000,000 new HIFI to that Safe; the upgraded contract then lets anyone sweep the remaining collateral (about $1M, mostly the HC1 token) to the same Safe. As of this report nothing has been taken yet: the proposal is queued and becomes executable from 21:39:47 UTC on 30 October 2026. What happened: Spreek reported on 28 October that the takeover…
Other addresses in this report: 0x14856a1ed89340de0478a5df8a18fa5638da63fd, 0x7808e3474f4eea68e272b5fc3e208574be009ec9, 0xdf32c5c5f4465eded23bccf7a959565e466c1543, 0x16d4d6a441d3b89cfa462a4417fdbefa8a7d7af8, 0xd05b3a76f42daa1c60e531d456ec6d47d9cc809d, 0x65d0c36abc673c6db8716ea53c1c1c61b1f641ed, 0xb77baf19d5f512beba4ac0353f29b6da6332584d