Global Edition
Global Edition
UK Edition
EU Edition
US Edition

Understand the story, not the spin.

Markets

Term Finance Vault Governance Attack Drains $8.5M

Published 24 August 2026

A governance-based attack on decentralized lending protocol Term Finance drained approximately $8.5 million from its vault products, prompting the immediate shutdown of the affected funds. The exploit, which targeted the protocol's Term Meta Vaults, allowed the attacker to siphon roughly 2,843 ETH and 1.

0:00 / 0:00