Security 1 sources

Term Labs suffers a governance attack, with $8.5 million drained

Covered by 1 source · 1 article

Term Labs is the latest Web3 protocol to suffer a governance exploit. The attacker had enough voting influence to drain five lending USDC vaults, with a total value of $8.5M in ETH and DAI.

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Cryptopolitan

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Term Labs suffers a governance attack, with $8.5 million drained

Cryptopolitan 1h ago

Term Labs suffers a governance attack, with $8.5 million drained

Term Labs is the latest Web3 protocol to suffer a governance exploit. The attacker had enough voting influence to drain five lending USDC vaults, with a total value of $8.5M in ETH and DAI.