The 8,000,000 Hole That Just Swallowed DeFi
Alarm bells are ringing across the decentralized ecosystem. Yearn Finance confirmed a massive exploit on their yETH pool late last night, with over $8 million liquidated by an attacker using a custom minting contract. Another $900,000 was simultaneously drained from the $CRV pool. While the Yearn team asserts that the V2/V3 vaults remain isolated and safe, this is a serious security breach hitting a major platform. The market is watching $ETH closely for knock-on contagion effects. Security teams are now in full investigation mode.
Not financial advice. Trade safe.
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CRVUSDT
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0.339
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ETHUSDT
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2,943.66
-2.51%