From April 4th to 5th, the TermMax @TermMaxFi protocol experienced a security incident. Two suspicious on-chain activities triggered the automatic pause mechanism, with no user funds lost, and the protocol remained secure throughout.

Event summary:
1. April 4th, 08:14 UTC: Through a real-time monitoring system with our partner, a suspicious activity from a malicious contract was detected. The automatic pause mechanism was immediately triggered, temporarily suspending lending, borrowing, and leverage functions. After confirming no risk, the services were restored at 13:00 UTC on the same day.
2. The second incident occurred at 15:10 UTC on April 4th, with similar suspicious activity triggering another pause. After thorough review confirming no vulnerabilities, the protocol was restored at 01:10 UTC on April 5th.
Throughout the process, TermMax chose to pause rather than take risks. The protocol has now fully resumed normal operations. The TermMax team stated they will continue to enhance monitoring and do their best to protect user assets.
For many users, security of funds always comes first. The transparent handling of this incident has once again earned the community’s trust.
@TermMaxFi #TermMaxFi