Term Finance Recovers $1 Million After Oracle Error Causes $1.6 Million ETH Loss

Apr 28, 2025 04:00 pm Cryptocurrency 271

Key Takeaways:

Term Finance recovered over $1 million from the $1.6 million loss caused by an oracle misconfiguration.

The team will cover the remaining $650,000 loss from the protocol treasury and release a post-mortem.

Impermax Finance also suffered a $150,000 flash loan attack during the same weekend.

Over the weekend, Term Finance, a fixed-rate lending protocol on Ethereum, faced a critical oracle misconfiguration that led to significant ETH losses. However, swift recovery efforts have salvaged a large portion of the lost funds.

Major Oracle Error Hits Term Finance

Term Finance announced that it lost approximately $1.6 million worth of ETH on Saturday due to an oracle configuration error ..

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