HawkInsight

  • Contact Us
  • App
  • English

Term Finance lost $1.6 million due to misconfiguration of the oracle and has recovered more than a million dollars

Internet reports that Ethereum's fixed-rate loan agreement, Term Finance, caused an ETH loss of approximately US$1.6 million due to a misconfiguration of the oracle. The team said that through internal capture and negotiation, more than US$1 million in funds have been recovered, and the remaining deficit will be covered by the agreement treasury, and plans to issue a detailed review report. Term emphasized,"This is not a hacking attack, no smart contracts have been used, and user funds have not been directly targeted." On the same day, DeFi agreement Impermax Finance also suffered a lightning attack, with losses exceeding US$150,000.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More