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.
What happened
Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls apparently did not stop the exploit.
Why it matters
The incident may affect operational continuity, asset safety or trust around Security. Watch for verified scope and remediation.
Affected entities
View evidence
1 reports · 1 original report · 1 independent
- The BlockPrimary source · Supports · EN · 100%DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit ↗
Claims
- DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
Market reaction is not yet available for this asset and time window.
Score explanation
Confidence · formula confidence-2.1.0
Source trust72
Independent corroboration51
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude96
Market relevance74
Entity significance42
Market breadth45
Novelty68
Urgency93
capital magnitude31
Ranking · formula rank-1.0.0
Confidence factor0.829
Freshness factor0.9878
Breaking bonus0