An attacker exploited Term Finance's DAO governance system on August 23, 2026, purchasing enough voting power for approximately 2 ETH to gain control of strategy vaults and drain $8.5 million from the Ethereum-based fixed-rate lending protocol.
Yuga Labs-affiliated developers coordinated a white-hat operation to rescue 68 high-value NFTs including Bored Apes and CryptoPunks from vulnerable Flooring Protocol pools before attackers could drain them, using the company's GrailsOTC trading desk.
Ambient Finance, an Ethereum-based DeFi protocol, suffered a security breach resulting in approximately $110,600 in losses. The attack was preceded by a suspicious 50 ETH transfer into a new smart contract before the exploit was executed.
