Term Finance has permanently shut down all Meta Vaults, revoked DAO governance rights, and blocked new deposits. Necessary, but this does not mean the incident has been resolved. Users can still withdraw funds; the lending market and repo contracts have been confirmed as unaffected. However, as of August 24, 2026, Term Labs has not yet released a technical report or a specific compensation plan. For me, shutting down the product is only the first step. The bigger question is: who will bear the shortfall if the $8.5 million cannot be recovered? Disclaimer: For reference only; not investment advice.