Xwriter

Xwriter / Hotspots

All hotspots
X8/24/2026

Term Labs Exploited for ~$8.5M via Governance Attack

Term Labs was hit for ~$8.5M via a governance exploit on Term vaults. The attacker drained ~2,843 ETH (~$6.87M) plus 1.68M USDC, already swapped the USDC into DAI, and originally funded the attack with 2 ETH from Tornado Cash.

Open original sourceGenerate a post from this angle

For writing research only. Verify the original source before publishing; market data is not investment advice.