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humor Cloud Crypto Desk 2026-08-26

Term Finance Drained of $8.5 Million After Attacker Simply Buys the Election

An enterprising raider acquired a voting majority on Ethereum lending protocol Term Finance and politely voted to wire $8.5 million straight into their own pocket, proving once again that democracy works if you are rich enough. Down here in Baja, we watched the local ejido council bicker over a broken water pump for four straight hours, which somehow involved less corporate governance theater than a standard DeFi heist. Nobody in the cantina cares about governance tokens or flash loans when the Pacific is rolling in chest-high and the CFE grid just went dark for the third time this week.

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