What happened
BlockSec Research described two DeFi incidents with alleged combined damages of approximately 10,26illion.
Why it matters
The story shows that major losses in DeFi can arise from both protocol governance issues and errors in its accounting logic.
According to BlockSec Research, Term Finance lost approximately 8,5illion following the takeover of six vaults on the Ethereum network. The same report states that MAYAChain lost approximately 1,76illion due to a related accounting error that drained a low-liquidity pool.
The combined alleged damage in the material amounts to approximately 10,26illion. Both cases involve decentralized finance protocols but describe different loss mechanisms: a governance compromise and an calculation error.
The significance of these episodes lies in the vulnerability of multiple levels of DeFi infrastructure. However, the available package contains only BlockSec metadata and a synopsis, without a full technical breakdown or independent verification.
Assessing the consequences requires details on how control of Term Finance was obtained, which operations led to the MAYAChain losses, and whether the affected funds were returned or secured.
Confirmed facts
- BlockSec Research reported combined losses of approximately 10,26illion in the Term Finance and MAYAChain cases.
- Term Finance lost approximately 8,5illion after the takeover of six vaults on Ethereum.
- MAYAChain lost approximately 1,76illion due to a related accounting error that affected a low-liquidity pool.
- The source was published on August 26, 2026.
- Available confirmation is presented as a BlockSec Research metadata synopsis, not as a full investigation text or independent verification.
Context
The BlockSec Research material covers two security incidents in DeFi: Term Finance and MAYAChain.
What remains unknown
- How was the takeover of the six Term Finance vaults carried out?
- What specific chain of accounting operations led to the draining of the MAYAChain pool?
- Were funds returned, or are the consequences of the incidents contained?
- Are there independent confirmations of the alleged damages?
Editorial context
Confidence: medium
The likely consequence is increased attention to vault management controls and accounting logic verification in DeFi protocols. The next observable signals will be technical breakdowns, reports from the projects themselves, or data on fund movements. Significant uncertainty remains: the package contains only the BlockSec synopsis without independent verification or attack details.