Goodness, I thought it would first drop short and then go long, but it turned out to be the opposite.
Binance News
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Yearn Finance's yETH product reportedly attacked, approximately 1,000 ETH transferred to Tornado Cash
According to Odaily Planet Daily, Yearn Finance's yETH product was reportedly attacked today. The attacker exploited a vulnerability that allowed for 'infinite minting' of yETH, quickly draining the entire yETH pool in a single transaction.
According to on-chain data, approximately 1,000 ETH (about 3 million USD) was subsequently transferred to Tornado Cash. The attack appears to have been completed through multiple newly deployed contracts, some of which self-destructed immediately after the transaction concluded.
It remains uncertain how much of the approximately 11 million USD in funds originally in the yETH pool was affected. Yearn officials stated that they are investigating the matter and emphasized that their V2 and V3 Vaults were not impacted. The entire incident is still developing.
Binance's Holding Cryptocurrency for Interest is Truly Worry-Free and Convenient #SoftStaking
The recent market is really good, and the returns from Binance's holding cryptocurrencies for interest are indeed high. A hands-free, brain-free lazy investment tool - #SoftStaking In the cryptocurrency market, many people are used to leaving funds idle in spot accounts or simply waiting for price increases, overlooking a simple yet effective way to make money—holding cryptocurrencies for interest. With Binance launching the Soft Staking (holding cryptocurrency for interest) feature, this 'lazy investment tool' is gradually changing investors' perceptions of passive income. If you haven't tried it yet, take a few minutes to learn about it; it might become your new favorite in cryptocurrency investment.
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