As per Jinse, Yearn announced that its yETH stable pool was attacked on November 30 at 21:11 UTC. Attackers exploited a custom contract to mint large amounts of yETH, causing approximately $8 million in losses from the pool and an additional $900,000 from the yETH-WETH pool on Curve. Yearn stated the affected code is isolated and does not impact V2/V3 Vaults, adding that the attack's complexity is similar to the previous Balancer incident. The team is now collaborating with SEAL911 and Chain Security to investigate the event.
Yearn yETH Pool Hit by Complex Attack, Suffers $8.9M Loss
KuCoinFlashShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.