The $8.5M DAO heist that cost $951 to pull off: how Term Labs got governance hijacked

An attacker bought a controlling stake in a DAO governance token for less than $1,000, passed malicious proposals, and drained $8.5 million from strategy vaults. The exploit exposes a vulnerability that most DeFi protocols have not patched. The math is…

Source: https://crypto.news/term-labs-dao-governance-heist-951-dollars-8-5-million-exploit/