Sigma Prime|Jun 04, 2026 15:07
It's been a pleasure helping secure Term Finance v2
In our latest assessment of @term_labs’ Phase 4 flash-loan upgrade, we identified a subtle high-impact issue around execution context during external calls.
The finding reinforced an important design lesson: ambient context is not authority. When execution can cross protocol boundaries, authorisation must be tied to the immediate caller and tightly scoped to the active operation.
The Term team addressed the issue during the audit process, before release, alongside the other findings covered in our public report.(Sigma Prime)
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