Term Labs Updates Attack: Meta Vault Closed, Governance Revoked

The decision to close the Meta Vault and revoke governance permissions signals that the team is treating this as a containment problem rather than a simple patch, which matters for anyone who relied on those permissions or that vault for normal protocol operations. The broader takeaway is that governance permissions remain a favored attack surface in DeFi, and the recovery path — whether the vault reopens and under what access model — is the open question.