DeFi protocol Swerve Finance has suffered a governance attack and has lost about $1.3 million in stablecoins

According to The Block, the defunct DeFi protocol Swerve Finance has been under governance attacks for the past week and has lost $1.3 million worth of stablecoins. Among them, attackers mainly use Swerve governance tokens to make profits through malicious governance proposals. Previously, in February 2021, the Swerve Finance multi-sig holder and its Discord channel moderator chickenpie347 issued a document pointing out that due to the disappearance of founder John, token economics design, and conflicts of interest among multi-sig holders, the Swerve team decided to The project was handed over to the community and moved to a new project, Boot Finance.