Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit

Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls apparently did not stop the exploit.

DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit

We haven't written up this one. The Block has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at theblock.co →

More in Finance & Markets

More from Sunday 23 August →