Term Finance governance exploit and Meta Vaults shutdown

1. #0108.24
   Initial2026-08-24 · edition date

   Term Finance suffered a governance exploit with about $8.5M in losses.

   State after update: The exploit and loss estimate were confirmed by multiple sources.

   Source evidence: The Block · crowdfundinsider.com · CoinDesk

2. #0208.26
   Remediation2026-08-26 · edition date

   Term Finance permanently shut Meta Vaults after the exploit.

   State after update: The affected Meta Vaults are permanently closed.

   Source evidence: The Defiant

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