$SNXXB $TUT $MUUB Governance attack! Airdrop manipulation to sway votes—$8.5 million taken directly. Term Labs lost $8.5 million on Saturday. This isn’t a hacking attack; it’s a governance attack—an attacker quietly bought enough voting power, then "ordered" the treasury to hand over the money.
According to DefiLlama, nearly 68% of the treasury’s assets were drained in a single pull. What’s worse is that this isn’t a one-off.
In 2026 alone, there have already been 5 governance attacks, totaling $25.1 million stolen—still only the ones DefiLlama has tracked. In July, BonkDAO saw a single malicious proposal worth $20 million.
Voting power became a ticket to steal money.
This is a warning for all DeFi users: the promised decentralization—sometimes it’s just "if you have money, you can change the rules." If your assets are sitting in the treasury, security isn’t guaranteed by code; it depends on how voting weight is distributed.
Lesson—don’t put all your funds into protocols where governance weight can be monopolized. Truly diversified protocols are the ones that can withstand attacks.
When it comes to on-chain security, you always have to keep your own watch.#BTC触及80000美元 #比特币未平仓合约降至两月低点 #比特币周涨23.6%