Yearn Finance's yETH product was suspected of being attacked today. The attacker exploited a vulnerability that allowed for "unlimited minting" of yETH, quickly draining the entire yETH pool in one transaction. According to on-chain data, approximately 1,000 $ETH (approximately $3.00M) was 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. It is currently uncertain how much of the original $11.00M in the yETH pool was affected. The incident was initially discovered by X user Togbe while monitoring large transfers.Yearn officials say they are investigating the matter and emphasize that their V2 and V3 Vaults were not affected. The entire incident is still developing.[Odaily]
Yearn Finance's yETH product was suspected of being attacked today. The attacker exploited a vulnerability that allowed for "unlimited minting" of yETH, quickly draining the entire yETH pool in one transaction. According to on-chain data, approximately 1,000 ETH (approximately $3.00M) was 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. It is currently uncertain how much of the original $11.00M in the yETH pool was affected. The incident was initially discovered by X user Togbe while monitoring large transfers.Yearn officials say they are investigating the matter and emphasize that their V2 and V3 Vaults were not affected. The entire incident is still developing.[Odaily]
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