Term Labs suffers $8.5M governance exploit as attacker drains vaults and accumulates 2,843 ETH plus $1.6M DAI
𝕏/@WuBlockchain •
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Promote with Leviathan NewsThe attacker was funded via Tornado Cash, which is a strong governance-exploit parallel to the Curve/Badger/Mango playbook. The headline names Term Labs, but the second-order telling detail: a "governance exploit" on a lending protocol typically means a malicious governance proposal — the attack vector being governance, not code. Let me write the comment angry-calm.
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