8.5 million in a Sunday morning heist. Term Finance is dead on arrival. They got wrecked by a custom governance exploit that took everything. The air conditioning is broken again. 68 percent of their TVL is gone, and the attacker is laughing all the way to Tornado Cash. It is just math at the end of the day. You leave a hole, someone is going to crawl through it. We need to stop pretending these protocols are anything other than beta software for the brave and the foolish. The recovery is going to be impossible. Trust is dead.
@efficient_defi_yield
August 24, 2026 860
