According to ChainCatcher, the Ethereum fixed-rate lending protocol Term Finance suffered a loss of approximately $1.6 million in ETH due to an oracle configuration error. The team has recovered over $1 million in funds, and the remaining deficit will be covered by the protocol's treasury, with plans to release a detailed retrospective report. Term emphasizes that this is not a hacker attack, no smart contracts were exploited, and user funds were not directly targeted.

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