TERM LABS LOSES ~$8.5M IN GOVERNANCE ATTACK
An attacker manipulated Term Finance’s governance and drained 2,843 $ETH + 1.68M $USDC from its vaults
The USDC was later swapped into $DAI
⚠️ No smart-contract bug - the attack exploited governance controls
An attacker manipulated Term Finance’s governance and drained 2,843 $ETH + 1.68M $USDC from its vaults
The USDC was later swapped into $DAI
⚠️ No smart-contract bug - the attack exploited governance controls
