The post Yearn Finance’s yETH Hit by $3M Exploit appeared first on Coinpedia Fintech News
Yearn Finance’s yETH product was targeted in an exploit where an attacker minted nearly unlimited yETH in a single transaction, draining around 1,000 ETH ($3 million). Some funds were sent to Tornado Cash, and blockchain data shows the attack used several newly deployed contracts that self-destructed afterward. The full extent of the losses is still unclear. Yearn Finance confirmed that its Vaults, including both V2 and V3, were not affected and stated it is actively investigating the incident to prevent future attacks.