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Term Finance loses $1.65 million due to misconfiguration, recovers $1 million
The Ethereum-based lending project Term Finance lost $1.6 million when an oracle misconfiguration resulted in unintended liquidations. The team later announced that they had "successfully negotiated [the] return" of 333 ETH (~$600,000) that had been lost, and that another roughly 223 ETH (~$400,000) had been "captured internally", leaving the final loss at around 362 ETH (~$650,000). Tweet by Term Labs
The Ethereum-based lending project Term Finance lost $1.6 million when an oracle misconfiguration resulted in unintended liquidations. The team later announced that they had "successfully negotiated [the] return" of 333 ETH (~$600,000) that had been lost, and that another roughly 223 ETH (~$400,000) had been "captured internally", leaving the final loss at around 362 ETH (~$650,000).
