Term Labs(@term_labs):Update: All Term Meta Vaults were shut down and dao governance roles have been revoked. This shutdown is irreversible and permanently prevents further deposits. Withdrawals remain open. Today's incident involved Term Vault governance. Based on our investigation so far, the underlying Term protocol and its direct borrowing and lending markets have not been affected. We are continuing to verify scope. We are coordinating with external security teams on remediation and recovery. If a shortfall remains, we will explore paths to address it. We will continue to share verified updates here. For your security, rely only on communications from @term

2026.08.23 23:22

Update: All Term Meta Vaults were shut down and dao governance roles have been revoked. This shutdown is irreversible and permanently prevents further deposits. Withdrawals remain open. Today's incident involved Term Vault governance. Based on our investigation so far, the underlying Term protocol and its direct borrowing and lending markets have not been affected. We are continuing to verify scope. We are coordinating with external security teams on remediation and recovery. If a shortfall remains, we will explore paths to address it. We will continue to share verified updates here. For your security, rely only on communications from @term_labs and beware of impersonators.

Term Labs@term_labs

2026.08.23 07:32

We are aware of a governance exploit impacting Term vaults. We will share more details once it has been further investigated.