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Term Finance lost $1.60 million due to oracle misconfiguration, has recovered over $1 million

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2025-04-27 22:17:19
Term Finance, an Ethereum fixed-rate lending protocol, lost about $1.60 million in ETH due to an oracle configuration error. The team said that through internal capture and negotiation, more than $1 million of funds have been recovered, and the remaining deficit will be covered by the protocol vault, and a detailed review report is planned. Term stressed that "this is not a hack attack, no smart contracts have been exploited, and user funds have not been directly targeted." On the same day, the DeFi protocol Impermax Finance also suffered a lightning loan attack, losing more than $150,000.
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