Term Labs lost $8.5M after an attacker captured governance control with minimal capital.
2,843 $ETH and 1.68M $USDC were drained without compromising the underlying lending contracts.
Here’s how governance became the attack vector.
What Happened?
The attacker drained $8.5M
2,843 $ETH and 1.68M $USDC were drained without compromising the underlying lending contracts.
Here’s how governance became the attack vector.
What Happened?
The attacker drained $8.5M
