Security
Term Vaults Hit by $8.5M DeFi Governance Exploit
CryptoDnes·August 23, 2026·1 min read
Term Vaults suffered an $8.5 million exploit targeting protocol governance, according to security firm PeckShield. The attack drained 2,843 ETH and 1.68M USDC. The incident highlights vulnerabilities in DeFi governance mechanisms, prompting concerns over security in the sector. PeckShield's report details the funds stolen, marking a significant loss for the protocol.
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