$ETH Ecology's DeFi protocol Term Finance has just been hit by a governance attack, with $8.5 million siphoned out of the treasury—this happened within the past couple of hours.
The attacker is exploiting the governance voting stage, taking away voting power to bypass defenses. Coinpaper and AMBCrypto are both following up. Can you trust it? Attacks like this show up in the DeFi space every so often, and each time it drives home the same point: on-chain fund security ultimately comes down to how rigorous the code and governance design are.
As of now, the attack details are still being disclosed; follow-up reports will determine where the funds went and whether they can be recovered.
#DeFi #以太坊 #TermFinance $ETH
The attacker is exploiting the governance voting stage, taking away voting power to bypass defenses. Coinpaper and AMBCrypto are both following up. Can you trust it? Attacks like this show up in the DeFi space every so often, and each time it drives home the same point: on-chain fund security ultimately comes down to how rigorous the code and governance design are.
As of now, the attack details are still being disclosed; follow-up reports will determine where the funds went and whether they can be recovered.
#DeFi #以太坊 #TermFinance $ETH
