PANews reported on April 28 that according to The Block, Term Finance, a fixed-rate lending market in the Ethereum ecosystem, lost about $1.6 million in ETH on Saturday due to an oracle configuration error. Through internal recovery and negotiation, Term has recovered more than $1 million in funds, including 223.197 ETH (about $400,000) recovered internally and 333 ETH (about $600,000) recovered through negotiation. The remaining unrecovered losses totaled 362.03 ETH (about $650,000), a significant reduction from the initial loss. Term emphasized that the loss was caused by a oracle vulnerability, not a hacker attack or smart contract exploitation, and user funds were not directly locked. It is not clear at this time how the funds were negotiated for recovery.
In addition, security company TenArmor disclosed that Impermax Finance was also attacked last Saturday, with losses exceeding $150,000. It said that someone used flash loans to drain the V3 funding pool and promised to provide post-analysis after verification.
