Term Finance team posts onchain message via Blockscan regarding exploit response and next steps.
Security & Exploits ·
Term Finance announced via an onchain message that its team is responding to an exploit and coordinating next steps through Blockscan. The message was posted from an address associated with the project on Ethereum mainnet.
The team's use of an onchain communication channel suggests a formal, transparent approach to addressing the incident. Blockscan appears to be serving as the designated platform for ongoing discussions between the protocol and relevant parties about remediation and recovery.
No details have been disclosed about the nature, scope, or financial impact of the exploit, nor has the team specified a timeline for resolution or further public updates.