The $8.5M DAO heist that cost $951 to pull off: how Term Labs got governance hijacked
Covered by 1 source · 1 article
An attacker bought a controlling stake in a DAO governance token for less than $1,000, passed malicious proposals, and drained $8.5 million from strategy vaults. The exploit exposes a vulnerability that most DeFi protocols have not patched.…
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