Ethereum lending app Term Finance loses $8.5 million after attacker buys voting power

The exploit shows how lightly held voting tokens can become a means of attack when control of a protocol is cheaper than the assets it governs.
This is a summary. Read the complete story at CoinDesk below.
Read full article at CoinDeskRelated Stories

American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.
Cointelegraph

Asian crypto exchanges batten down the hatches as hacks surge: Asia Express
Asian crypto exchanges are scrambling to tighten security on fears of a wave of potentially AI-assisted hacks, even as regional governments embrace tokenization and stablecoins.
Cointelegraph

Crypto ally French Hill wins reelection but set to lose House chair
Republican French Hill secured another term in Congress but will lose his leadership of the House Financial Services Committee when Democrats take control in January.
Cointelegraph