Term Finance has successfully reclaimed nearly 1 million USD following the misconfiguration of an ETH price oracle, leading to erroneous liquidations worth approximately 1.6 million USD. Internal negotiations aided in recovering 556 ETH, highlighting the critical role of accurate oracle data in the DeFi space.
Over the same weekend, the DeFi sector faced multiple security incidents, including a flash loan attack costing Impermax Finance around 150,000 USD and Bitget suffering a 20 million USD loss from hackers. These events underline ongoing vulnerabilities within the DeFi landscape.
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