SECURITYCOINDESK
Ethereum lending app Term Finance loses $8.5 million after attacker buys voting power
The Ethereum lending app known as Term Finance experienced a significant loss of $8.5 million after an attacker exploited the system by buying voting power.
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Adjacent reporting
- Term Finance loses estimated $8.5M in vault governance exploit
- Garden Finance disables app as Blockaid reports $450,000 exploit
- Attackers vote themselves $20 million in BONK cryptocurrency
- 1inch liquidity provider TrustedVolumes hit with ongoing exploit, draining nearly $6 million: Blockaid
- Aave restores ether borrowing limits after $230 million exploit