Decentralized reinsurance protocol Re said a prior governance vulnerability exploit at Term Finance did not affect its operations or the associated markets for reUSD and PT-reUSD on the platform. In a post on X, the project stated that both markets on Term Finance remain unaffected despite the incident. Re also said users do not need to take any action in response. According to the statement, users can independently verify reserves and backing at any time through the project’s official portal. The update was limited to the project’s status and the condition of the relevant markets, and did not include any additional remediation steps or operational changes for users.
Decentralized reinsurance protocol Re said in a post on X that it was not affected by the governance vulnerability exploit previously reported at Term Finance.
Re added that the markets for reUSD and PT-reUSD on Term Finance were also unaffected. The project said users do not need to take any action and can independently verify reserves and backing at any time through its official portal.
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