According to Foresight News, the Ethereum fixed-rate lending protocol Term Finance suffered an ETH loss of approximately $1.6 million due to an oracle configuration error. The team stated that through internal capture and negotiation, over $1 million in funds have been recovered, and the remaining deficit will be covered by the protocol's treasury, with plans to release a detailed post-mortem report. Term emphasized that "this was not a hacker attack, no smart contracts were exploited, and user funds were not directly targeted."
On the same day, the DeFi protocol Impermax Finance also experienced a flash loan attack, with losses exceeding $150,000.
