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Yearn: yETH Vault Exploited in a Sophisticated Attack, Event Similar to Previous Balancer Incident
BlockBeats News, December 1st, Yearn Finance released a statement stating that its yETH stablecoin pool was attacked on November 30th at 21:11 UTC. The attacker used a custom contract to mint a large amount of yETH, resulting in approximately $8 million in assets being drained from the pool. Additionally, about $900,000 in losses came from the yETH-WETH pool on Curve.
Yearn stated that the affected code is unrelated to other products, and the V2/V3 Vaults were not impacted. The complexity of the incident is said to be similar to the previous Balancer attack. The team has now collaborated with SEAL911 and the auditing firm ChainSecurity to conduct an investigation.
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