[Term Labs Recovers Affected Vault Loans, Meta Vault Remains Closed] Term Labs stated that all fixed-rate loan positions in the affected vaults were fully recovered by August 25, 2026, at 22:52 (UTC+8). Meta Vault and related strategies remain closed. Term Labs confirmed that the Term V1 and Term V2 contracts were not compromised, and the direct lending market was not affected. The team is working with law enforcement agencies and cybersecurity firms to track down the responsible parties. The attacker funded through Tornado Cash and exploited a governance proposal vulnerability to extract WETH and USDC. Term Labs has implemented measures to prevent the redemption of matured assets into compromised vaults.