According to CoinMeta, Wu said that an update on the security incident revealed that all fixed-rate loan positions in the affected vaults were recovered on August 25th. It is currently assessed that the incident only impacted the liquid balances within Term Vault. The contracts of Term, v1, and v2 were not compromised, and the direct lending market remained unaffected and continued to operate normally. The attackers used Tornado Cash to fund their operations in the wallets, then utilized governance proposals to reduce the governance delays of some vaults to zero, and deployed forged controller, price adapters, as well as repo and token. They ultimately transferred liquid assets from multiple ETH and USDC strategies. The related Meta Vault and affected strategies have now been shut down.