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Ethereum lending app Term Finance loses $8.5 million after attacker buys voting power
The exploit shows how lightly held voting tokens can become a means of attack when control of a protocol is cheaper than the assets it governs.
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cryptobriefing.com
Term Labs suffers $8.5M governance exploit as attacker seizes control of strategy vaults
Term Labs lost $8.5M after an attacker seized voting control of strategy vaults on Term Finance, draining 2,843 ETH and 1.6M DAI in a governance
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theblock.co
DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit
Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls apparently did not stop the exploit.
