Term Finance has permanently closed its Meta Vaults and removed their DAO governance powers after an attacker drained an estimated $8.5 million in ETH and stablecoins. Term Finance permanently blocks Meta Vault deposits Term Labs said in an Aug. 23&#8230;

Term Finance has permanently closed its Meta Vaults and revoked their DAO governance powers following an attack that resulted in the loss of an estimated $8.5 million in ETH and stablecoins. The company announced the decision on August 23.

Term Finance closes Meta Vaults after estimated $8.5M attack

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-how-scammers-exploit-trusted-platforms-for-crypto-fraud-3.jpg" alt="Term Finance loses estimated $8.5M in vault governance exploit" class="type:primaryImage"></p><p>Term permanently closed its Meta Vaults after an attack reportedly removed nearly all of their Ethereum deposits.</p>

Term Finance has permanently closed its Meta Vaults following an exploit that resulted in the loss of an estimated $8.5 million, with nearly all of their Ethereum deposits reportedly removed.

Term Finance loses estimated $8.5M in vault governance exploit

أغلقت تيرم فاينانس خزائن ميتا بشكل دائم وسحبت سلطات الحوكمة الخاصة بها بعد هجوم أدى إلى سحب حوالي 8.5 مليون دولار من الإيثيريوم والستابل كوينز. تم الإعلان عن القرار في 23 أغسطس، بعد الاستغلال الذي أزال تقريبًا جميع الودائع من الإيثيريوم.

Term Finance ha cerrado permanentemente sus Meta Vaults y revocado sus poderes de gobernanza DAO tras un ataque que drenó aproximadamente 8,5 millones de dólares en ETH y stablecoins. La decisión se anunció el 23 de agosto, tras el exploit que retiró casi todos los depósitos de Ethereum.

Term Finance a définitivement fermé ses Meta Vaults et révoqué leurs pouvoirs de gouvernance DAO après une attaque qui a drainé environ 8,5 millions de dollars en ETH et stablecoins. La décision a été annoncée le 23 août, suite à l'exploit qui a retiré presque tous les dépôts en Ethereum.

Term Finance Closes Meta Vaults After $8.5M Attack

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Term Finance Closes Meta Vaults After $8.5M Attack

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Term Finance closes Meta Vaults after estimated $8.5M attack

Term Finance loses estimated $8.5M in vault governance exploit

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