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      Defi Protocol Term Labs Loses $8.5M in Governance Exploit

      Unleash Protocol Hack Drains $3.9M After Multisig Exploit, PeckShield Reveals

      The post Defi Protocol Term Labs Loses $8.5M in Governance Exploit appeared first on Coinpedia Fintech News

      The DeFi protocol Term Labs has suffered an estimated $8.5 million loss after an attacker gained control of its governance system and used it to drain several vaults. The attack did not break the protocol’s code. Instead, the attacker gained enough voting power to approve transfers of funds. How Term Labs Exploit Happens Blockchain security …


      Source: Coinpedia
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud