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Term Labs $8.5M Governance Takeover Exploit (Explained)

Covered by 1 source · 1 article

On August 23, 2026, an attacker used roughly half an ETH to acquire majority governance control over Term Labs Meta Vaults, then passed a routine-looking proposal that disabled the vault’s transaction delay and drained six vaults. No key wa…

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Term Labs $8.5M Governance Takeover Exploit (Explained)
Coinmonks 1h ago

Term Labs $8.5M Governance Takeover Exploit (Explained)

On August 23, 2026, an attacker used roughly half an ETH to acquire majority governance control over Term Labs Meta Vaults, then passed a routine-looking proposal that disabled the vault’s transaction delay and drained six vaults. No key wa…