The Block - 2026-08-23 ​
2 items collected.
1. DeFi lending protocol Term Finance loses an estimated $8.5 million to governance exploit ​
Author: Zack Abrams
Published: 8/23/2026, 8:50:45 PM
Categories: Crypto Ecosystems, DeFi, News
Term vault proposals face a seven-day delay and can be vetoed by liquidity providers, yet those controls apparently did not stop the exploit.
2. Tether’s $120 million Uruguay bitcoin mining project collapsed over a power contract dispute: Reuters ​
Author: Zack Abrams
Published: 8/23/2026, 5:02:20 PM
Categories: Companies, News
UTE cut power to Tether's mining sites in July 2025 after Tether representatives did not attend the signing of a revised contract, per the report.