Another DeFi Hack: Term Labs Loses $8.5 Million in Governance Exploit

DeFi lending protocol Term Labs lost roughly $8.5 million on Sunday after a governance exploit impacted its Term vaults, blockchain security firm PeckShield reported. The attacker pulled 2,843 Ethereum (ETH) and 1.68 million USDC (USDC) out of the protocol. Term Labs confirmed the incident and said a fuller account would follow its investigation…