Term Labs recovered the affected treasury loan and Meta Vault remains closed

Term Labs states that the affected treasury has fixed interest rate loans The position was fully recovered by 22:52 (UTC+8) on 25 August 2026, and Meta Vault and the related strategy remain closed. Term Labs states that the Term V1 and Term V2 contracts were not damaged and the direct lending market was not affected. The team is working with law enforcement agencies and cyber-security companies to track the responsible parties. The attackers used Tornado Cash to recapitalize and exploit governance proposals to extract WETH and USDC. Term Labs has taken measures to prevent assets that have expired from being redeemed to the controlled treasury。