CertiK: Term Labs Hit by Governance Attack, ~$8.5M Lost

Governance attacks are becoming a distinct loss category rather than a footnote to smart-contract exploits, and this incident reinforces that token-weighted voting can be cheaper to capture than code is to break. The affected parties extend beyond Term Labs to depositors and integrators who relied on governance as a security boundary. Whether other protocols with similar voting designs reassess their safeguards is the open question.