INCIDENT EVIDENCE GRAPH

Term Labs - Rekt

2026-08-26T00:00:00Z

Near-zero voter participation let one wallet seize control of Term Labs’ vaults for minimal cost, bypass the governance delay, and drain approximately $8.5 million. The attack exploited governance, not a core vault-code bug.

• Victim: Term Labs
• Actor: one wallet
• Exploit: Governance control takeover
• Method: Exploited near-zero voter participation to seize governance control, bypass the governance delay, and drain the vaults.

Primary evidence

1. Term Labs - Rekt

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