PANews reported on April 28 that according to The Block, Ethereum ecosystem's fixed-rate lending market Term Finance lost approximately $1.6 million in ETH on Saturday due to an oracle configuration error. Through internal recovery and negotiations, Term has recovered over $1 million in funds, including 223.197 ETH (approximately $400,000) recovered internally and 333 ETH (approximately $600,000) recovered through negotiations, with the remaining unrecovered loss totaling 362.03 ETH (approximately $650,000), which is significantly reduced from the initial amount. Term emphasized that the loss was due to an oracle vulnerability, not a hacker attack or smart contract exploitation, and user funds were not directly locked. The form of fund recovery negotiation remains unclear.
Additionally, security company TenArmor disclosed that Impermax Finance was also attacked last Saturday, losing over $150,000, stating that someone used a flash loan to drain the V3 liquidity pool, and promised to provide a post-analysis after investigation.
