$8M Heist Targets Term Finance Governance System
A hacker has exploited Term Finance's voting power to drain $8.5 million from its strategy vaults.
The attack, which utilized just 2 ETH, targeted the platform's governance system rather than a smart-contract bug.
The attacker successfully siphoned off 2,843 ETH and 1.6 million DAI, highlighting vulnerabilities in decentralized finance (DeFi) protocols.