Term Finance loses estimated $8.5M in vault governance exploit
Term permanently closed its Meta Vaults after an attack reportedly removed nearly all of their Ethereum deposits.
What happened
Term permanently closed its Meta Vaults after an attack reportedly removed nearly all of their Ethereum deposits.
Why it matters
The incident may affect operational continuity, asset safety or trust around Ethereum, Meta. Watch for verified scope and remediation.
Affected entities
Ethereum · ETHNeutralMeta · METANeutral
View evidence
1 reports · 1 original report · 1 independent
- CointelegraphPrimary source · Supports · EN · 100%Term Finance loses estimated $8.5M in vault governance exploit ↗
Claims
- Term Finance loses estimated $8.5M in vault governance exploit Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
ETH · 15 min+0.13%
ETH · 1 h+0.28%
ETH · 4 h+0.46%
ETH · 24 h-1.87%
Score explanation
Confidence · formula confidence-2.1.0
Source trust63
Independent corroboration51
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude96
Market relevance74
Entity significance94
Market breadth63
Novelty68
Urgency96
capital magnitude31
Ranking · formula rank-1.0.0
Confidence factor0.82
Freshness factor0.999
Breaking bonus8