ALERT: CertiK flags governance attack on Term Labs; estimated $8.5M loss, including 2,843 ETH and $1.6M DAI traced to a single address

CertiK reports a governance attack on Term Labs resulting in an estimated $8.5M loss, including 2,843 ETH and $1.6M DAI consolidated at one address. The incident highlights ongoing smart-contract and governance-security risk in DeFi, which can pressure sector risk appetite, increase scrutiny of similar protocols, and drive short-term de-risking across ETH-linked DeFi liquidity and collateral markets.