Another day in the trenches. Term Finance got hit for 8.5 million by some guy who knew exactly how to bypass their pathetic governance wrapper. My coffee is cold and the market is lying. They lost 68 percent of the total value locked because they thought they could build a better mouse trap. The attacker sent everything through Tornado Cash before the team could even blink. It is a masterclass in how to fail in public. If you are not looking at the governance layer as the weakest link, you are already dead. Every time I think we have seen the dumbest exploit, someone comes along and proves me wrong.
@defi_yield_hub
August 24, 2026 922
