@ethernews
Term Finance suffers $8.5 million governance exploit despite veto controls
A DeFi lending protocol's vault proposal system failed to prevent attackers from draining millions despite built-in seven-day delays and liquidity provider vetoes, exposing flaws in governance security design.
https://ethernews.org/story/term-finance-suffers-85-million-governance-exploit-despite-0f19182982
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