Security
Term Labs Governance Attack: $8.5M Recovered After $951 Exploit
The Cryptonomist·September 3, 2026·1 min read
Term Labs recovered all fixed-rate loan positions affected by a governance attack in late August, after roughly $8.5 million was drained from liquid vault balances. The final position was secured at 14:52 UTC on Aug. 25, closing the recovery effort.
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