Mars Finance reports that the Ethereum fixed-rate lending protocol Term Finance suffered approximately $1.6 million in ETH losses due to an oracle configuration error. The team stated that through internal capture and negotiation, over $1 million in funds have been recovered, with the remaining deficit to be covered by the protocol's treasury, and they plan to release a detailed post-mortem report. Term emphasized, "This was not a hacker attack, no smart contracts were exploited, and user funds were not directly targeted."
Term Finance lost about $1.6 million due to oracle configuration errors, and has recovered more than $1 million
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