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  1. Published Social post

    The Block (@TheBlockCo)

    THE BLOCK: Term Labs wrote in its update that all Term Meta vaults have been shut down permanently and DAO governance roles have been revoked. Withdrawals remain open. Earlier, the team said a governance exploit affected Term Finance vaults, with reported losses at $8.5M.

  2. Published Social post

    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. Term's docs say vault proposals face safeguards including a seven-day delay and LP veto, which the attack apparently circumvented.

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