*Zero bugs. Zero hacks. Just a vote.*
On August 23, 2026, at 06:25 UTC, an attacker executed a single parameterless function call on Ethereum and walked away with $8.5 million from Term Finance’s vaults. No exploit in the traditional sense — no reentrancy, no overflow, no oracle manipulation. The smart contracts worked exactly as designed. The attacker simply voted.
This is the anatomy of a governance takeover — the kind of attack that no code audit would have caught, because the code was never the problem.
all read → mehvetero[.]com
