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Tweet by Term Labs:

An update on our ongoing recovery efforts after yesterday’s oracle issue: The total outstanding loss is now 362.03 ETH (~$650K) — significantly reduced from the original 918 ETH impact. Of the original loss: 223.197 ETH was captured internally, 333 ETH was successfully negotiated for return. This brings the total recovered to 556.197 ETH, with the net remaining loss at 362.03 ETH. Term Finance will fully cover the remaining loss from the protocol treasury. Borrowers have already been reimbursed. Lenders will be able to redeem at maturity as usual. A full postmortem detailing the event, lessons learned, and protocol improvements will be published shortly. Thank you to our community for your trust and support as we work through this carefully and transparently. Tweeted at 2:23 PM · Apr 27, 2025