Blockchain security firm CertiK said Term Labs was hit by a governance attack that led to losses of about $8.5 million. According to CertiK’s monitoring, 2,843 ETH and roughly 1.6 million DAI tied to the incident are currently held at an address beginning with 0xD5183. Term Labs later said its vault was affected by a governance vulnerability and that it will release more details after completing a further investigation. No additional information on the exploit path, recovery efforts, or affected users was disclosed in the source material. The incident was cited by CertiK in a post linked as the source for the update.
Blockchain security firm CertiK said Term Labs suffered a governance attack, with losses estimated at about $8.5 million.
Under CertiK’s monitoring, 2,843 ETH and around 1.6 million DAI linked to the incident are currently sitting at an address starting with 0xD5183.
Term Labs said in response that its vault was affected by a governance vulnerability. The team said it will disclose more details after further investigation.
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