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Term Labs lost $8.5M in a governance exploit
Aug 23, 2026
< 1 min read
by Hristina Vasileva
for CryptoPolitan
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AI Overview
Term Labs suffered a governance exploit in which an attacker with sufficient voting influence drained five USDC lending vaults, extracting $8.5M worth of ETH and DAI. The incident underscores DeFi governance and security risks for crypto lending protocols and may damage trust and adoption of on-chain governance models.
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Term Labs is the latest Web3 protocol to suffer a governance exploit. The attacker had enough voting influence to drain five lending USDC vaults, with a total value of $8.5M in ETH and DAI.
In This News
Coins
$ 2.46K
+1.27%
$ 0.99990
0%
$ 0.99987
-0.08%
$ 0.99997
+0.14%
$ 2.46K
+1.16%Predictions Markets
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In This News
Coins
$ 2.46K
+1.27%$ 0.99990
0%$ 0.99987
-0.08%$ 0.99997
+0.14%$ 2.46K
+1.16%Predictions Markets
See what traders are focused on
Share: