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Yearn Finance Hit by Fourth Exploit as Attacker Drains Legacy v1 Vault

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Yearn Finance has faced its fourth exploit, with an attacker draining a legacy v1 vault via a flash loan attack. PeckShield reported the exploit involved token price manipulation in a deprecated iearn vault. The attacker withdrew assets and converted them into another token. This follows a $9 million yETH token exploit earlier this month and prior hacks in 2023 and 2021. Yearn is reviewing contracts and urging caution with older v1 vaults as flash loan attacks persist. A new token launch is not on the immediate roadmap, but security upgrades are in progress.
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