Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
On April 26, 2025, lending protocol Term Labs introduced an internal inconsistency in decimal precision during an update to the tETH oracle, resulting in incorrect pricing of the tETH asset within the protocol. This mispricing triggered unintended liquidations, affecting approximately 918 ETH. The incident stemmed from human error during a sensitive system upgrade — a failure in operational execution rather than a flaw in the code or smart contracts. Through rapid response and negotiation efforts, Term Labs successfully recovered around 556 ETH, reducing the final net protocol loss to 362 ETH (approximately $650,000). Attack method (per SlowMist): Human Error. Reported loss: $ 1,650,000.
- chain
- —
- protocol
- Term Labs
- bug_class
- oracle
- date_occurred
- 2025-04-26
- loss_usd
- $1,650,000
- source_id
- sm:term-labs::2025-04-26