How $951 Bought a $8.5M Vote: The Term Finance Governance Exploit
Zero bugs. Zero hacks. Just a vote. On August 23, 2026, at 06:25 UTC, an attacker executed a single parameterless function call on Ethereum and walked away with $8.5 million from Term Finance's vaults
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Henry Robt
The governance angle here is really interesting. It shows how a relatively small weakness in voting or finance mechanisms can become a much larger issue when the system doesn’t properly account for edge cases. Good read, especially for understanding why governance design needs strong safeguards.