CoW DAO has approved a proposal to voluntarily reimburse users affected by the April 2026 cow.fi domain hijacking, which resulted in approximately $1.2 million in losses. The attack involved a registrar-level domain takeover, redirecting users to a phishing site that tricked them into signing malicious transactions. Despite no breach of CoW Protocol's smart contracts, the DAO will use its Legal Defense Reserve to fund the reimbursements.
Eligible victims can receive up to 100% compensation for verified losses, provided they meet strict criteria, including proof of interaction with the malicious contract and prior use of CoW Swap. Claims must be submitted by May 14. The DAO emphasizes that these payments are voluntary and do not imply liability, as the incident stemmed from a domain registrar exploit rather than a protocol failure.
CoW DAO Approves $1.2M Voluntary Refunds for Phishing Attack Victims
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