POPA ReconTerm Finance exploited for ~$8.5M ⚠️
Term Finance exploited for ~$8.5M ⚠️ Not a hack. A governance proposal from a wallet holding 0.017% of the vault, open six days, zero vetoes cast. Its first action: setTxCooldown(0), deleting the seven-day timelock. Breakdown ⤵️ https://defiprime.com/term-finance-governance-exploit
The excerpt is quoted from a public Telegram channel, which owns its text.