Hack history / 2025 / Hack or exploit
Term Finance
Hack or exploit on Apr 26, 2025 · Oracle Misconfiguration
SOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$1.6M
dollars at the time
Returned
$1M
61% of the loss, as a source states it
Rank
#766
among thefts by dollars lost
What happened
Term Finance's tETH oracle update introduced a decimal precision mismatch between oracle components. The incorrect decimal handling caused tETH to be priced incorrectly, triggering unintended liquidations of ~918 ETH as positions were force-closed at wrong prices.
Details
- Date
- Apr 26, 2025
- Kind
- Hack or exploit
- Method
- Oracle Misconfiguration
- How in
- Price, oracle and governance
- Target
- DeFi protocol
- Chains
- Ethereum
After the theft
- Recovered or seized
- yes, amount not stated
“Through rapid response and negotiation efforts, Term Labs successfully recovered around 556 ETH, reducing the final net protocol loss to 362 ETH (approximately $650,000).” (SlowMist Hacked) - Recovered or frozen
- $1M
“$1.6M taken, $600K after recovery or freezing” (Web3 Is Going Great)
Related incidents
Cite this page
SwanBluechip, "Term Finance hack, Apr 26, 2025: $1.6M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htaec97c379d/ (data as of 2026-10-31).