Wu Blockchain (@WuBlockchain): Term Labs Suffers $8.5M Governance Exploit Affecting Vaults
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Term Labs Suffers $8.5M Governance Exploit Affecting Vaults DeFi lending protocol @term_labs suffered a governance exploit affecting its vaults. According to PeckShieldAlert and CertiK Alert, the attack resulted in losses of about $8.5 million, with the exploiter holding roughly 2,843 ETH and $1.6 million DAI. The attacker address was initially funded with 2 ETH from Tornado Cash. Term Labs said it is investigating the incident and will share further details.