Swerve Finance has been continuously subjected to governance attacks over the past week, resulting in losses of $1.3 million

ChainCatcher news, according to The Block, Swerve Finance has been continuously suffering from governance attacks over the past week, resulting in a loss of stablecoins worth $1.3 million.

It is reported that a governance attack refers to hackers controlling enough voting power to execute proposals aimed at stealing tokens from the protocol. Previously reported, in February 2021, Swerve Finance multi-signature holders and its Discord channel moderator chickenpie347 stated that due to issues such as the founder John's disappearance, tokenomics design, and conflicts of interest among multi-signature holders, the Swerve team decided to hand over the project to the community and shift to the new project Boot Finance. (source link)