DeFi Lending Protocol Term Finance Loses $8.5 Million After Attacker Gains Governance Control
Term Finance lost about $8.5 million after an attacker exploited its governance system to gain control of vault assets, draining 2,843 ETH and 1.68 million USDC. The stolen USDC was swapped for DAI, while Term Finance investigates how the attacker gained enough voting power to bypass its governance safeguards.
Anais