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The Yearn Finance team has recovered approximately $2.4 million worth of stolen assets from the most recent exploit of the legacy DeFi protocol, as total estimated losses approach $9 million, according to an update on Monday. A coordinated recovery mission is “active and ongoing,” a post on X reads.…
Yield-farming protocol Yearn Finance appears to have been targeted by an attack that drained millions of dollars worth of liquid staking tokens (LSTs) from its Yearn Ether (yETH) product, which aggregates popular LSTs into one token. Blockchain data show the yETH pool was apparently drained through …
DeFi platform Yearn Finance’s yETH product was hit by an unlimited minting of tokens on Monday, draining the entire yETH pool in a single transaction.Yearn later confirmed the “incident”, assuring that its V2 and V3 Vaults remain secure and unaffected.We are investigating an incident involving the y…