Term Labs Suffers $8.5 Million Governance Exploit
Lending protocol Term Labs was targeted in a governance exploit, resulting in the drainage of $8.5 million in ETH and DAI from its vaults.
Read articleLending protocol Term Labs was targeted in a governance exploit, resulting in the drainage of $8.5 million in ETH and DAI from its vaults.
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Originally created to execute large trades without market slippage, crypto over-the-counter trading has developed into a complex market infrastructure connecting liquidity, settlement, credit, and compliance.
Decentralized finance lending protocol Term Labs suffered an $8.5 million exploit on Sunday following a governance attack on its Term vaults.
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