Another DeFi Hack: Term Labs Loses $8.5 Million in Governance Exploit

AI Summary DeFi lending protocol Term Labs lost roughly $8.5 million on Sunday after a governance exploit impacted its Term vaults, blockchain security firm PeckShield reported. The attacker pulled 2,843 Ethereum (ETH) and 1.68 million USDC (USDC) out of the protocol. Term Labs confirmed the incident and said a fuller account would follow its investigation. How the The post Another DeFi Hack: Term Labs Loses $8.5 Million in Governance Exploit appeared first on BeInCrypto . fulltext: 466 chars | fulltext source: rss-fallback | summary method: extractive Original: https://beincrypto.com/term-labs-defi-exploit-vaults/ Source: BeInCrypto