PANews reported on December 1st that Yearn issued an official statement saying that its yETH stablecoin pool was attacked at 21:11 UTC on November 30th. The attacker used a custom contract to mint a large amount of yETH, resulting in the loss of approximately $8 million in assets within the pool. An additional $900,000 in losses came from the yETH-WETH pool on Curve. Yearn emphasized that the affected code is unrelated to other products, and V2/V3 Vaults were not affected. The complexity of the incident is similar to the previous Balancer attack. The team has launched a joint investigation with SEAL911 and the auditor ChainSecurity.PANews reported on December 1st that Yearn issued an official statement saying that its yETH stablecoin pool was attacked at 21:11 UTC on November 30th. The attacker used a custom contract to mint a large amount of yETH, resulting in the loss of approximately $8 million in assets within the pool. An additional $900,000 in losses came from the yETH-WETH pool on Curve. Yearn emphasized that the affected code is unrelated to other products, and V2/V3 Vaults were not affected. The complexity of the incident is similar to the previous Balancer attack. The team has launched a joint investigation with SEAL911 and the auditor ChainSecurity.
Yearn: The complexity of the attack on the yETH pool is similar to the previous Balancer attack.
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PANews reported on December 1st that Yearn issued an official statement saying that its yETH stablecoin pool was attacked at 21:11 UTC on November 30th. The attacker used a custom contract to mint a large amount of yETH, resulting in the loss of approximately $8 million in assets within the pool. An additional $900,000 in losses came from the yETH-WETH pool on Curve. Yearn emphasized that the affected code is unrelated to other products, and V2/V3 Vaults were not affected. The complexity of the incident is similar to the previous Balancer attack. The team has launched a joint investigation with SEAL911 and the auditor ChainSecurity.
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