🔥💥According to ChainCatcher, the fixed-rate lending protocol Term Finance suffered a loss of approximately $1.6 million in ETH due to an Oracle configuration error. The team stated that through internal recovery and negotiation, more than $1 million of the funds were recovered, and the remaining shortfall will be covered by the protocol's treasury, with a detailed audit report scheduled for release. Term confirmed that "this was not an attack by hackers, no smart contracts were exploited, and user funds were not targeted directly."
