The Block (@TheBlockCo): THE BLOCK: Term Labs said a governance exploit affected Term Finance vaults, with PeckShield and CertiK estimating losses at about $8.5 million.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- TERM-85Negative
THE BLOCK: Term Labs said a governance exploit affected Term Finance vaults, with PeckShield and CertiK estimating losses at about $8.5 million. Term's docs say vault proposals face safeguards including a seven-day delay and LP veto, which the attack apparently circumvented.