Published Aug 23, 2026, 4:55 PM ET · Updated 3 months ago · 1 source
THE BLOCK: Term Labs said a governance exploit affected Term Finance vaults, with PeckShield and CertiK estimating losses at about $8.5 million. Term's docs say vault proposals face safeguards including a seven-day delay and LP veto, which the attack apparently circumvented.
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Original Report
THE BLOCK: Term Labs said a governance exploit affected Term Finance vaults, with PeckShield and CertiK estimating losses at about $8.5 million. Term's docs say vault proposals face safeguards including a seven-day delay and LP veto, which the attack apparently circumvented.