Yearn's yETH appears to have been attacked, with $3 million worth of ETH flowing into Tornado Cash.

avatar
ODAILY
12-01
This article is machine translated
Show original

Odaily Odaily that Yearn Finance's yETH product appears to have been attacked today. Attackers exploited a vulnerability that allowed for the "unlimited minting" of yETH, rapidly draining the entire yETH pool in a single transaction. According to on-chain data, approximately 1,000 ETH (about $3 million) were subsequently transferred to Tornado Cash. The attack appears to have been carried out through multiple newly deployed contracts, some of which self-destructed immediately after the transaction. The extent to which the approximately $11 million in the yETH pool was affected remains uncertain. The incident was initially discovered by X user Togbe while monitoring large transactions. Yearn officials stated they are investigating the matter and emphasized that their V2 and V3 Vaults were not affected. The situation is still developing.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments