CertiK: Term Finance Suffers Governance Attack, Loses Approximately $8.5 Million

BlockBeats News, August 23rd, according to CertiK Monitor, Term Labs encountered a governance attack, resulting in approximately $8.5 million in asset loss. Currently, the attacker's address holds 2,843 ETH (approximately $7.1 million) and approximately 1.6 million DAI.

Term Labs stated that they have identified a governance vulnerability affecting Term Vaults and are currently conducting further investigation.