🚨 GOVERNANCE EXPLOIT DRAINS $8.5M FROM DEFI TREASURY AS 2,843 $ETH WASHED TO DAI! 🩸
A massive breach just wiped out nearly 68% of Term Finance’s total value locked after attackers exploited a custom governance vault. 🦈 The exploiter scooped 2,843 $ETH along with $1.68M in $USDC , instantly swapping stable assets into $DAI to cover their tracks.
Even a 7-day timelock and LP veto protections failed to stop this deliberate liquidity drain. 🔍 While core treasury vault standards remained unaffected, this clean hit proves custom governance logic is the ultimate target for smart money exploiters. 💬 How are you auditing your yield protocol exposure after this breach? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ETH #DeFi #CryptoNews #Security #DAI
🚨 📉
A massive breach just wiped out nearly 68% of Term Finance’s total value locked after attackers exploited a custom governance vault. 🦈 The exploiter scooped 2,843 $ETH along with $1.68M in $USDC , instantly swapping stable assets into $DAI to cover their tracks.
Even a 7-day timelock and LP veto protections failed to stop this deliberate liquidity drain. 🔍 While core treasury vault standards remained unaffected, this clean hit proves custom governance logic is the ultimate target for smart money exploiters. 💬 How are you auditing your yield protocol exposure after this breach? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ETH #DeFi #CryptoNews #Security #DAI
🚨 📉